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Equity Lifestyle Properties Inc. [ELS] Investment Appeal on the Rise

In a filing, Equity Lifestyle Properties Inc. revealed its EVP & Chief Financial Officer Seavey Paul unloaded Company’s shares for reported $2.39 million on Sep 17 ’24. In the deal valued at $74.83 per share,31,988 shares were sold. As a result of this transaction, Seavey Paul now holds 0 shares worth roughly $0.0.

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Then, NADER MARGUERITE M sold 33,000 shares, generating $2,492,160 in total proceeds. Upon selling the shares at $75.52, the President and CEO now owns 260,936 shares.

Before that, Seavey Paul bought 31,988 shares. Equity Lifestyle Properties Inc. shares valued at $2,413,814 were divested by the Member of immediate family of at a price of $75.46 per share.

Wells Fargo upgraded its Equity Lifestyle Properties Inc. [ELS] rating to an Overweight from a an Equal weight in a research note published on September 19, 2024; the price target was increased to $82 from $70.50. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early February from “a Peer perform” to “an Outperform”. Deutsche Bank began covering ELS with “Hold” recommendation on January 30, 2024. Truist revised its rating on January 16, 2024. It rated ELS as “a Hold” which previously was an “a Buy”.

Price Performance Review of ELS

On Monday, Equity Lifestyle Properties Inc. [NYSE:ELS] saw its stock fall -1.91% to $67.96. Over the last five days, the stock has lost -4.74%. Equity Lifestyle Properties Inc. shares have fallen nearly -3.66% since the year began. Nevertheless, the stocks have risen 6.19% over the past one year. While a 52-week high of $76.60 was reached on 09/16/24, a 52-week low of $59.82 was recorded on 04/30/24. SMA at 50 days reached $71.60, while 200 days put it at $66.87.

Levels Of Support And Resistance For ELS Stock

The 24-hour chart illustrates a support level at 67.17, which if violated will result in even more drops to 66.37. On the upside, there is a resistance level at 69.03. A further resistance level may holdings at 70.09. The Relative Strength Index (RSI) on the 14-day chart is 32.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.22%. Stochastics %K at 8.48% indicates the stock is a buying.

How much short interest is there in Equity Lifestyle Properties Inc.?

A steep rise in short interest was recorded in Equity Lifestyle Properties Inc. stocks on 2024-09-13, growing by 0.53 million shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.1 million shares. There was a rise of 14.55%, which implies that there is a positive sentiment for the stock.

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