Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equity Lifestyle Properties Inc. shares valued at $2,393,662 were sold by Seavey Paul on Sep 17 ’24. At $74.83 per share, Seavey Paul sold 31,988 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, NADER MARGUERITE M sold 33,000 shares, netting a total of over 2,492,160 in proceeds. Following the sale of shares at $75.52 each, the insider now holds 260,936 shares.
Before that, Seavey Paul had added 31,988 shares to its account. In a trade valued at $2,413,814, the Member of immediate family of bought Equity Lifestyle Properties Inc. shares for $75.46 each.
As published in a research note from Wells Fargo on September 19, 2024, Equity Lifestyle Properties Inc. [ELS] has been rated up from an Equal weight to an Overweight and the price target has been revised to $82 from $70.50. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early February. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for ELS. Earlier on January 16, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for ELS stock which previously was a “a Buy”.
Analyzing ELS Stock Performance
During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, Equity Lifestyle Properties Inc. shares have dropped approximately -1.03%. Shares of the company reached a 52-week high of $76.60 on 09/16/24 and a 52-week low of $59.82 on 04/30/24. A 50-day SMA is recorded $71.52, while a 200-day SMA reached $66.90. Nevertheless, trading volume fell to 1.01 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Equity Lifestyle Properties Inc. (ELS)
According to the 24-hour chart, there is a support level at 69.14, which, if violated, would cause prices to drop to 68.48. In the upper region, resistance lies at 70.18. The next price resistance is at 70.56. RSI (Relative Strength Index) is 39.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.26, which suggests the price will decrease in the coming days. Percent R is at 87.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
