Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wheeler Real Estate Investment Trust Inc shares valued at $92,365 were sold by MAGNOLIA CAPITAL FUND, LP on Sep 11 ’24. At $20.30 per share, MAGNOLIA CAPITAL FUND, LP sold 4,550 shares. The insider’s holdings dropped to 270,706 shares worth approximately $1.82 million following the completion of this transaction.
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
Also, MAGNOLIA CAPITAL FUND, LP sold 13,500 shares, netting a total of over 258,795 in proceeds. Following the sale of shares at $19.17 each, the insider now holds 280,289 shares.
Before that, MAGNOLIA CAPITAL FUND, LP had sold 5,033 shares from its account. In a trade valued at $101,415, the 10% Owner traded Wheeler Real Estate Investment Trust Inc shares for $20.15 each. Upon closing the transaction, the insider’s holdings decreased to 5,033 shares, worth approximately $1.86 million.
As published in a research note from B. Riley FBR Inc. on February 20, 2018, Wheeler Real Estate Investment Trust Inc [WHLR] has been retained to a Buy and the price target has been revised to $9. Analysts at B. Riley FBR Inc. resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of November 03, 2017, Compass Point has decreased its “Buy” rating to a “Neutral” for WHLR.
Analyzing WHLR Stock Performance
During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Wheeler Real Estate Investment Trust Inc shares have dropped approximately -81.59%. Shares of the company reached a 52-week high of $39.60 on 01/02/24 and a 52-week low of $0.97 on 09/03/24. A 50-day SMA is recorded $5.41, while a 200-day SMA reached $17.56. Nevertheless, trading volume fell to 1.65 million shares from 15.71 million shares the previous day.
Support And Resistance Levels for Wheeler Real Estate Investment Trust Inc (WHLR)
According to the 24-hour chart, there is a support level at 6.09, which, if violated, would cause prices to drop to 5.44. In the upper region, resistance lies at 7.85. The next price resistance is at 8.97. RSI (Relative Strength Index) is 54.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.58, which suggests the price will increase in the coming days. Percent R is at 49.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
