The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Community Healthcare Trust Inc shares valued at $161,300 were purchased by Van Horn R. Lawrence on Sep 09 ’24. At $16.13 per share, Van Horn R. Lawrence acquired 10,000 shares. The insider’s holdings grew to 62,230 shares worth approximately $1.08 million following the completion of this transaction.
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Also, Cotman Cathrine purchased 2,000 shares, netting a total of over 35,440 in proceeds. Following the buying of shares at $17.72 each, the insider now holds 20,861 shares.
Before that, Hensley Robert Z had added 6,500 shares to its account. In a trade valued at $126,750, the Director bought Community Healthcare Trust Inc shares for $19.50 each. Upon closing the transaction, the insider’s holdings increased to 6,500 shares, worth approximately $1.22 million.
As published in a research note from Evercore ISI on September 16, 2024, Community Healthcare Trust Inc [CHCT] has been rated up from an Underperform to an In-line and the price target has been revised to $18 from $21. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of November 02, 2023, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for CHCT. Earlier on September 22, 2023, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for CHCT stock which previously was a “an Outperform”.
Analyzing CHCT Stock Performance
During the last five days, there has been a surge of approximately 7.57%. Over the course of the year, Community Healthcare Trust Inc shares have dropped approximately -34.95%. Shares of the company reached a 52-week high of $28.10 on 02/15/24 and a 52-week low of $15.06 on 09/09/24. A 50-day SMA is recorded $20.62, while a 200-day SMA reached $24.28. Nevertheless, trading volume fell to 0.56 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Community Healthcare Trust Inc (CHCT)
According to the 24-hour chart, there is a support level at 17.00, which, if violated, would cause prices to drop to 16.68. In the upper region, resistance lies at 17.70. The next price resistance is at 18.08. RSI (Relative Strength Index) is 41.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 41.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
