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FRT (Federal Realty Investment Trust.) may reap gains as insiders became active recently

Federal Realty Investment Trust.’s recently made public that its Chief Executive Officer WOOD DONALD C unloaded Company’s shares for reported $3.52 million on Sep 05 ’24. In the deal valued at $116.17 per share,30,292 shares were sold. As a result of this transaction, WOOD DONALD C now holds 6,637 shares worth roughly $ 0.78 million.

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Then, WOOD DONALD C sold 5,937 shares, generating $691,466 in total proceeds. Upon selling the shares at $116.47, the Chief Executive Officer now owns 0 shares.

Before that, WOOD DONALD C sold 700 shares. Federal Realty Investment Trust. shares valued at $81,529 were divested by the Chief Executive Officer at a price of $116.47 per share. As a result of the transaction, WOOD DONALD C now holds 5,937 shares, worth roughly $0.7 million.

Deutsche Bank upgraded its Federal Realty Investment Trust. [FRT] rating to a Buy from a a Hold in a research note published on April 22, 2024; the price target was increased to $110 from $109. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late February from “an Equal weight” to “an Overweight”. Deutsche Bank began covering FRT with “Hold” recommendation on January 30, 2024. Truist revised its rating on January 16, 2024. It rated FRT as “a Buy” which previously was an “a Hold”.

Price Performance Review of FRT

On Monday, Federal Realty Investment Trust. [NYSE:FRT] saw its stock jump 1.45% to $117.12. Over the last five days, the stock has gained 1.84%. Federal Realty Investment Trust. shares have risen nearly 13.65% since the year began. Nevertheless, the stocks have risen 20.07% over the past one year. While a 52-week high of $117.23 was reached on 09/05/24, a 52-week low of $85.59 was recorded on 04/16/24. SMA at 50 days reached $110.27, while 200 days put it at $103.20.

Levels Of Support And Resistance For FRT Stock

The 24-hour chart illustrates a support level at 115.55, which if violated will result in even more drops to 113.97. On the upside, there is a resistance level at 117.95. A further resistance level may holdings at 118.77. The Relative Strength Index (RSI) on the 14-day chart is 67.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.29%. Stochastics %K at 78.47% indicates the stock is a holding.

How much short interest is there in Federal Realty Investment Trust.?

A steep rise in short interest was recorded in Federal Realty Investment Trust. stocks on 2024-08-15, growing by 0.11 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.57 million shares. There was a rise of 6.38%, which implies that there is a positive sentiment for the stock.

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