In a filing, COPT Defense Properties revealed its EVP & COO Snider Britt A. acquired Company’s shares for reported $29407.0 on Sep 10 ’24. In the deal valued at $29.41 per share,1,000 shares were bought. As a result of this transaction, Snider Britt A. now holds 2,000 shares worth roughly $60200.0.
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Then, DENTON ROBERT L sold 4,523 shares, generating $111,192 in total proceeds. Upon selling the shares at $24.58, the Director now owns 4,398 shares.
Before that, Trimberger Lisa G sold 7,357 shares. COPT Defense Properties shares valued at $187,444 were divested by the Director at a price of $25.48 per share. As a result of the transaction, Trimberger Lisa G now holds 16,863 shares, worth roughly $0.51 million.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Monday, COPT Defense Properties [NYSE:CDP] saw its stock unchanged to $30.10. Over the last five days, the stock has gained 3.08%. COPT Defense Properties shares have risen nearly 17.44% since the year began. Nevertheless, the stocks have risen 20.69% over the past one year. While a 52-week high of $30.15 was reached on 09/16/24, a 52-week low of $22.20 was recorded on 04/18/24. SMA at 50 days reached $28.35, while 200 days put it at $25.35.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 29.91, which if violated will result in even more drops to 29.71. On the upside, there is a resistance level at 30.33. A further resistance level may holdings at 30.55. The Relative Strength Index (RSI) on the 14-day chart is 67.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.77%. Stochastics %K at 79.19% indicates the stock is a holding.
How much short interest is there in COPT Defense Properties?
A steep rise in short interest was recorded in COPT Defense Properties stocks on 2024-08-30, growing by 90332.0 shares to a total of 4.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.18 million shares. There was a rise of 2.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
