In a filing, Simon Property Group, Inc. revealed its Director HUBBARD ALLAN B acquired Company’s shares for reported $61901.0 on Sep 30 ’24. In the deal valued at $167.30 per share,370 shares were bought. As a result of this transaction, HUBBARD ALLAN B now holds 34,301 shares worth roughly $5.82 million.
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Then, STEWART MARTA R bought 172 shares, generating $28,776 in total proceeds. Upon buying the shares at $167.30, the Director now owns 14,287 shares.
Before that, LEIBOWITZ REUBEN S bought 453 shares. Simon Property Group, Inc. shares valued at $75,787 were divested by the Director at a price of $167.30 per share. As a result of the transaction, LEIBOWITZ REUBEN S now holds 55,454 shares, worth roughly $9.4 million.
Evercore ISI upgraded its Simon Property Group, Inc. [SPG] rating to an Outperform from a an In-line in a research note published on September 16, 2024; the price target was increased to $172 from $160. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Hold”. Piper Sandler also remained covering SPG and has decreased its forecast on September 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on December 21, 2023. It rated SPG as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of SPG
On Friday, Simon Property Group, Inc. [NYSE:SPG] saw its stock jump 0.73% to $169.58. Over the last five days, the stock has gained 1.12%. Simon Property Group, Inc. shares have risen nearly 18.89% since the year began. Nevertheless, the stocks have risen 62.37% over the past one year. While a 52-week high of $170.87 was reached on 09/24/24, a 52-week low of $102.78 was recorded on 02/05/24. SMA at 50 days reached $162.05, while 200 days put it at $150.91.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 167.86, which if violated will result in even more drops to 166.13. On the upside, there is a resistance level at 170.52. A further resistance level may holdings at 171.45. The Relative Strength Index (RSI) on the 14-day chart is 60.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.50%. Stochastics %K at 73.37% indicates the stock is a holding.
How much short interest is there in Simon Property Group, Inc.?
A steep rise in short interest was recorded in Simon Property Group, Inc. stocks on 2024-09-13, growing by 0.8 million shares to a total of 5.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.88 million shares. There was a rise of 14.03%, which implies that there is a positive sentiment for the stock.
