In a filing, Rexford Industrial Realty Inc revealed its Chief Financial Officer CLARK LAURA E unloaded Company’s shares for reported $0.71 million on Sep 10 ’24. In the deal valued at $50.15 per share,14,185 shares were sold. As a result of this transaction, CLARK LAURA E now holds 0 shares worth roughly $0.0.
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Then, CLARK LAURA E bought 14,185 shares, generating $701,657 in total proceeds.
Before that, Schwimmer Howard sold 30,358 shares. Rexford Industrial Realty Inc shares valued at $1,483,343 were divested by the Co-CEO, Co-President at a price of $48.86 per share. As a result of the transaction, Schwimmer Howard now holds 50,673 shares, worth roughly $2.4 million.
Evercore ISI initiated its Rexford Industrial Realty Inc [REXR] rating to an Outperform in a research note published on July 10, 2024; the price target was $54. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. Barclays began covering REXR with “an Underweight” recommendation on March 27, 2024. JP Morgan revised its rating on February 07, 2024. It rated REXR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of REXR
On Monday, Rexford Industrial Realty Inc [NYSE:REXR] saw its stock fall -1.96% to $47.45. Over the last five days, the stock has lost -5.68%. Rexford Industrial Realty Inc shares have fallen nearly -15.42% since the year began. Nevertheless, the stocks have fallen -1.08% over the past one year. While a 52-week high of $58.02 was reached on 01/09/24, a 52-week low of $41.56 was recorded on 04/18/24. SMA at 50 days reached $50.27, while 200 days put it at $49.40.
Levels Of Support And Resistance For REXR Stock
The 24-hour chart illustrates a support level at 47.15, which if violated will result in even more drops to 46.84. On the upside, there is a resistance level at 47.95. A further resistance level may holdings at 48.45. The Relative Strength Index (RSI) on the 14-day chart is 31.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.81%. Stochastics %K at 3.76% indicates the stock is a buying.
How much short interest is there in Rexford Industrial Realty Inc?
A steep rise in short interest was recorded in Rexford Industrial Realty Inc stocks on 2024-09-13, growing by 0.8 million shares to a total of 5.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.03 million shares. There was a rise of 13.65%, which implies that there is a positive sentiment for the stock.
