Industrial Logistics Properties Trust’s filing revealed that its Director PHELAN KEVIN C acquired Company’s shares for reported $9499.0 on Aug 02 ’24. In the deal valued at $4.75 per share,2,000 shares were bought. As a result of this transaction, PHELAN KEVIN C now holds 10,500 shares worth roughly $53760.0.
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JMP Securities downgraded its Industrial Logistics Properties Trust [ILPT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. BTIG Research began covering ILPT with “Neutral” recommendation on April 26, 2021.
Price Performance Review of ILPT
On Friday, Industrial Logistics Properties Trust [NASDAQ:ILPT] saw its stock jump 6.22% to $5.12. Over the last five days, the stock has gained 7.56%. Industrial Logistics Properties Trust shares have risen nearly 8.94% since the year began. Nevertheless, the stocks have risen 41.05% over the past one year. While a 52-week high of $5.45 was reached on 07/31/24, a 52-week low of $2.21 was recorded on 07/05/24. SMA at 50 days reached $4.72, while 200 days put it at $4.17.
Levels Of Support And Resistance For ILPT Stock
The 24-hour chart illustrates a support level at 4.95, which if violated will result in even more drops to 4.78. On the upside, there is a resistance level at 5.23. A further resistance level may holdings at 5.34. The Relative Strength Index (RSI) on the 14-day chart is 59.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.06%. Stochastics %K at 49.63% indicates the stock is a holding.
How much short interest is there in Industrial Logistics Properties Trust?
A steep rise in short interest was recorded in Industrial Logistics Properties Trust stocks on 2024-08-30, growing by 0.21 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.04 million shares. There was a rise of 9.29%, which implies that there is a positive sentiment for the stock.
