SITE Centers Corp’s recent filing unveils that its EVP, CFO & Treasurer Fennerty Conor unloaded Company’s shares for reported $0.35 million on Aug 21 ’24. In the deal valued at $60.54 per share,5,850 shares were sold. As a result of this transaction, Fennerty Conor now holds 41,709 shares worth roughly $0.73 million.
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Then, Fennerty Conor bought 5,850 shares, generating $353,792 in total proceeds.
Before that, Otto Alexander sold 424,355 shares. SITE Centers Corp shares valued at $6,624,606 were divested by the Director at a price of $15.61 per share. As a result of the transaction, Otto Alexander now holds 16,158,628 shares, worth roughly $283.26 million.
KeyBanc Capital Markets downgraded its SITE Centers Corp [SITC] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Wolfe Research also remained covering SITC and has decreased its forecast on January 05, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on September 20, 2023. It rated SITC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SITC
On Monday, SITE Centers Corp [NYSE:SITC] saw its stock jump 0.81% to $17.53. Over the last five days, the stock has gained 48.56%. SITE Centers Corp shares have risen nearly 64.85% since the year began. Nevertheless, the stocks have risen 92.99% over the past one year. While a 52-week high of $18.15 was reached on 07/30/24, a 52-week low of $8.39 was recorded on 10/02/24. SMA at 50 days reached $55.85, while 200 days put it at $56.27.
Levels Of Support And Resistance For SITC Stock
The 24-hour chart illustrates a support level at 17.14, which if violated will result in even more drops to 16.74. On the upside, there is a resistance level at 17.76. A further resistance level may holdings at 17.98. The Relative Strength Index (RSI) on the 14-day chart is 85.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -27.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.66%. Stochastics %K at 1.79% indicates the stock is a buying.
How much short interest is there in SITE Centers Corp?
A steep rise in short interest was recorded in SITE Centers Corp stocks on 2024-09-13, growing by 19038.0 shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.5 million shares. There was a rise of 1.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $12.50 price target.
