Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alexandria Real Estate Equities Inc. shares valued at $42,456 were sold by Cain James P on Sep 16 ’24. At $124.87 per share, Cain James P sold 340 shares. The insider’s holdings dropped to 7,032 shares worth approximately $0.82 million following the completion of this transaction.
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Also, CIRUZZI VINCENT sold 6,941 shares, netting a total of over 855,756 in proceeds. Following the sale of shares at $123.29 each, the insider now holds 83,379 shares.
Before that, CIRUZZI VINCENT had added 6,941 shares to its account. In a trade valued at $855,749, the Officer bought Alexandria Real Estate Equities Inc. shares for $123.29 each.
As published in a research note from Citigroup on September 13, 2024, Alexandria Real Estate Equities Inc. [ARE] has been rated down from a Buy to a Neutral and the price target has been revised to $125 from $130. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of July 29, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for ARE. Earlier on July 25, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for ARE stock which previously was a “an Outperform”.
Analyzing ARE Stock Performance
During the last five days, there has been a drop of approximately -6.45%. Over the course of the year, Alexandria Real Estate Equities Inc. shares have dropped approximately -8.31%. Shares of the company reached a 52-week high of $131.36 on 01/02/24 and a 52-week low of $108.61 on 08/05/24. A 50-day SMA is recorded $118.16, while a 200-day SMA reached $120.85. Nevertheless, trading volume fell to 1.71 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Alexandria Real Estate Equities Inc. (ARE)
According to the 24-hour chart, there is a support level at 115.13, which, if violated, would cause prices to drop to 114.03. In the upper region, resistance lies at 117.02. The next price resistance is at 117.80. RSI (Relative Strength Index) is 38.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.49, which suggests the price will decrease in the coming days. Percent R is at 86.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
