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. Equity Residential Properties Trust shares valued at $74,200 were sold by Carraway Catherine on Aug 28 ’24. At $74.20 per share, Carraway Catherine sold 1,000 shares. The insider’s holdings dropped to 10,379 shares worth approximately $0.77 million following the completion of this transaction.
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Also, Carraway Catherine purchased 1,000 shares, netting a total of over 74,204 in proceeds.
Before that, Brackenridge Alexander had sold 11,212 shares from its account. In a trade valued at $813,094, the Executive Vice President & CIO traded Equity Residential Properties Trust shares for $72.52 each. Upon closing the transaction, the insider’s holdings decreased to 11,212 shares, worth approximately $4.33 million.
As published in a research note from BofA Securities on September 24, 2024, Equity Residential Properties Trust [EQR] has been rated down from a Buy to a Neutral and the price target has been revised to $82 from $78. Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of September 10, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for EQR. Earlier on September 04, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for EQR stock.
Analyzing EQR Stock Performance
During the last five days, there has been a drop of approximately -1.77%. Over the course of the year, Equity Residential Properties Trust shares have jumped approximately 20.77%. Shares of the company reached a 52-week high of $78.83 on 09/16/24 and a 52-week low of $57.33 on 02/13/24. A 50-day SMA is recorded $73.41, while a 200-day SMA reached $65.98. Nevertheless, trading volume fell to 1.61 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Equity Residential Properties Trust (EQR)
According to the 24-hour chart, there is a support level at 73.22, which, if violated, would cause prices to drop to 72.58. In the upper region, resistance lies at 74.28. The next price resistance is at 74.70. RSI (Relative Strength Index) is 43.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.81, which suggests the price will decrease in the coming days. Percent R is at 85.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
