Ares Commercial Real Estate Corp’s recently made public that its Chief Executive Officer Donohoe Bryan Patrick unloaded Company’s shares for reported $0.19 million on Jan 30 ’24. In the deal valued at $10.32 per share,18,868 shares were sold. As a result of this transaction, Donohoe Bryan Patrick now holds 197,414 shares worth roughly $1.45 million.
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
Then, FEINGOLD ANTON sold 5,890 shares, generating $61,105 in total proceeds. Upon selling the shares at $10.37, the Gen. Counsel VP and Secretary now owns 68,975 shares.
Wells Fargo downgraded its Ares Commercial Real Estate Corp [ACRE] rating to an Underweight from a an Equal weight in a research note published on September 20, 2024; the price target was decreased to $7 from $7.50. BofA Securities also remained covering ACRE and has decreased its forecast on March 04, 2024 with a “an Underperform” recommendation from previously “Buy” rating. UBS started covering the stock on December 06, 2023. It rated ACRE as “a Neutral”.
Price Performance Review of ACRE
On Friday, Ares Commercial Real Estate Corp [NYSE:ACRE] saw its stock fall -5.63% to $7.37. Over the last five days, the stock has lost -2.25%. Ares Commercial Real Estate Corp shares have fallen nearly -28.86% since the year began. Nevertheless, the stocks have fallen -28.86% over the past one year. While a 52-week high of $11.24 was reached on 01/29/24, a 52-week low of $6.36 was recorded on 04/18/24. SMA at 50 days reached $7.23, while 200 days put it at $7.87.
Levels Of Support And Resistance For ACRE Stock
The 24-hour chart illustrates a support level at 7.20, which if violated will result in even more drops to 7.02. On the upside, there is a resistance level at 7.59. A further resistance level may holdings at 7.80. The Relative Strength Index (RSI) on the 14-day chart is 53.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.94%. Stochastics %K at 80.02% indicates the stock is a selling.
How much short interest is there in Ares Commercial Real Estate Corp?
A steep rise in short interest was recorded in Ares Commercial Real Estate Corp stocks on 2024-08-30, dropping by -0.41 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.14 million shares. There was a decline of -24.0%, which implies that there is a negative sentiment for the stock.
