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SITE Centers Corp [SITC] Records 200-Day SMA of $57.03

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SITE Centers Corp shares valued at $354,159 were sold by Fennerty Conor on Aug 21 ’24. At $60.54 per share, Fennerty Conor sold 5,850 shares. The insider’s holdings dropped to 41,709 shares worth approximately $2.45 million following the completion of this transaction.

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Also, Fennerty Conor purchased 5,850 shares, netting a total of over 353,792 in proceeds.

Before that, Otto Alexander had sold 424,355 shares from its account. In a trade valued at $6,624,606, the Director traded SITE Centers Corp shares for $15.61 each. Upon closing the transaction, the insider’s holdings decreased to 424,355 shares, worth approximately $947.38 million.

As published in a research note from Wolfe Research on January 05, 2024, SITE Centers Corp [SITC] has been rated down from an Outperform to a Peer perform. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid September. As of May 24, 2023, Wells Fargo has initiated its “an Equal weight” rating for SITC. Earlier on January 10, 2023, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for SITC stock which previously was a “a Buy”.

Analyzing SITC Stock Performance

During the last five days, there has been a surge of approximately 2.04%. Over the course of the year, SITE Centers Corp shares have jumped approximately 7.54%. Shares of the company reached a 52-week high of $64.44 on 07/30/24 and a 52-week low of $52.24 on 02/05/24. A 50-day SMA is recorded $60.56, while a 200-day SMA reached $57.03. Nevertheless, trading volume fell to 0.67 million shares from 0.56 million shares the previous day.

Support And Resistance Levels for SITE Centers Corp (SITC)

According to the 24-hour chart, there is a support level at 58.12, which, if violated, would cause prices to drop to 57.62. In the upper region, resistance lies at 59.45. The next price resistance is at 60.28. RSI (Relative Strength Index) is 45.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 48.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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