Sabra Healthcare REIT Inc’s filing revealed that its Director Cusack Catherine acquired Company’s shares for reported $0.1 million on May 22 ’24. In the deal valued at $14.43 per share,7,000 shares were bought. As a result of this transaction, Cusack Catherine now holds 46,385 shares worth roughly $0.88 million.
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Then, FOSTER MICHAEL J sold 10,000 shares, generating $146,830 in total proceeds. Upon selling the shares at $14.68, the Director now owns 63,923 shares.
Citigroup upgraded its Sabra Healthcare REIT Inc [SBRA] rating to a Buy from a a Neutral in a research note published on September 13, 2024; the price target was increased to $20 from $17. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. BMO Capital Markets also remained covering SBRA and has decreased its forecast on October 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on October 16, 2023. It rated SBRA as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of SBRA
On Tuesday, Sabra Healthcare REIT Inc [NASDAQ:SBRA] saw its stock jump 0.75% to $18.93. Over the last five days, the stock has gained 7.43%. Sabra Healthcare REIT Inc shares have risen nearly 32.66% since the year began. Nevertheless, the stocks have risen 42.75% over the past one year. While a 52-week high of $18.85 was reached on 09/17/24, a 52-week low of $12.83 was recorded on 02/05/24. SMA at 50 days reached $16.67, while 200 days put it at $14.78.
Levels Of Support And Resistance For SBRA Stock
The 24-hour chart illustrates a support level at 18.82, which if violated will result in even more drops to 18.71. On the upside, there is a resistance level at 19.02. A further resistance level may holdings at 19.10. The Relative Strength Index (RSI) on the 14-day chart is 81.26, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.81%. Stochastics %K at 97.05% indicates the stock is a selling.
How much short interest is there in Sabra Healthcare REIT Inc?
A steep rise in short interest was recorded in Sabra Healthcare REIT Inc stocks on 2024-08-30, growing by 4.96 million shares to a total of 18.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.24 million shares. There was a rise of 27.25%, which implies that there is a positive sentiment for the stock.
