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. Essential Properties Realty Trust Inc shares valued at $899,324 were sold by Mavoides Peter M. on Sep 05 ’24. At $32.33 per share, Mavoides Peter M. sold 27,817 shares. The insider’s holdings dropped to 446,076 shares worth approximately $14.61 million following the completion of this transaction.
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Also, Jenkins Robert M sold 6,372 shares, netting a total of over 185,298 in proceeds. Following the sale of shares at $29.08 each, the insider now holds 23,395 shares.
Before that, Mavoides Peter M. had sold 27,817 shares from its account. In a trade valued at $779,711, the President and CEO traded Essential Properties Realty Trust Inc shares for $28.03 each. Upon closing the transaction, the insider’s holdings decreased to 27,817 shares, worth approximately $15.52 million.
As published in their initiating research note from Wedbush on August 19, 2024, Essential Properties Realty Trust Inc [EPRT] has been an Outperform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid July. As of June 28, 2024, Goldman has initiated its “Buy” rating for EPRT. Earlier on May 31, 2024, UBS initiated its rating. Their recommendation was “a Buy” for EPRT stock.
Analyzing EPRT Stock Performance
During the last five days, there has been a drop of approximately -3.22%. Over the course of the year, Essential Properties Realty Trust Inc shares have jumped approximately 28.17%. Shares of the company reached a 52-week high of $34.51 on 09/23/24 and a 52-week low of $23.58 on 02/29/24. A 50-day SMA is recorded $31.51, while a 200-day SMA reached $27.55. Nevertheless, trading volume fell to 2.01 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Essential Properties Realty Trust Inc (EPRT)
According to the 24-hour chart, there is a support level at 32.49, which, if violated, would cause prices to drop to 32.21. In the upper region, resistance lies at 33.20. The next price resistance is at 33.63. RSI (Relative Strength Index) is 49.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 87.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.