Sun Communities, Inc.’s recently made public that its CEO – Safe Harbor Marinas, LLC Underwood Baxter unloaded Company’s shares for reported $0.39 million on Aug 05 ’24. In the deal valued at $131.43 per share,3,000 shares were sold. As a result of this transaction, Underwood Baxter now holds 63,462 shares worth roughly $9.37 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Leupold Craig sold 2,500 shares, generating $320,986 in total proceeds. Upon selling the shares at $128.39, the Director now owns 0 shares.
Before that, Underwood Baxter sold 4,000 shares. Sun Communities, Inc. shares valued at $525,920 were divested by the CEO – Safe Harbor Marinas, LLC at a price of $131.48 per share. As a result of the transaction, Underwood Baxter now holds 66,852 shares, worth roughly $9.87 million.
Deutsche Bank initiated its Sun Communities, Inc. [SUI] rating to a Hold in a research note published on January 30, 2024; the price target was $129. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Compass Point began covering SUI with “Neutral” recommendation on October 10, 2023. BofA Securities revised its rating on October 02, 2023. It rated SUI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SUI
On Friday, Sun Communities, Inc. [NYSE:SUI] saw its stock jump 2.06% to $147.58. Over the last five days, the stock has gained 4.50%. Sun Communities, Inc. shares have risen nearly 10.42% since the year began. Nevertheless, the stocks have risen 20.31% over the past one year. While a 52-week high of $144.82 was reached on 09/13/24, a 52-week low of $102.74 was recorded on 04/30/24. SMA at 50 days reached $130.38, while 200 days put it at $126.54.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 145.64, which if violated will result in even more drops to 143.69. On the upside, there is a resistance level at 148.68. A further resistance level may holdings at 149.77. The Relative Strength Index (RSI) on the 14-day chart is 82.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.56%. Stochastics %K at 98.58% indicates the stock is a selling.
How much short interest is there in Sun Communities, Inc.?
A steep rise in short interest was recorded in Sun Communities, Inc. stocks on 2024-08-30, growing by 1.06 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.54 million shares. There was a rise of 40.79%, which implies that there is a positive sentiment for the stock.
