Sabra Healthcare REIT Inc’s recently made public that its Director Cusack Catherine acquired Company’s shares for reported $0.1 million on May 22 ’24. In the deal valued at $14.43 per share,7,000 shares were bought. As a result of this transaction, Cusack Catherine now holds 46,385 shares worth roughly $0.83 million.
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Then, FOSTER MICHAEL J sold 10,000 shares, generating $146,830 in total proceeds. Upon selling the shares at $14.68, the Director now owns 63,923 shares.
Wells Fargo upgraded its Sabra Healthcare REIT Inc [SBRA] rating to an Overweight from a an Equal weight in a research note published on October 01, 2024; the price target was increased to $20 from $16. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Deutsche Bank began covering SBRA with “Buy” recommendation on January 30, 2024. BMO Capital Markets revised its rating on October 17, 2023. It rated SBRA as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SBRA
On Tuesday, Sabra Healthcare REIT Inc [NASDAQ:SBRA] saw its stock fall -0.94% to $17.89. Over the last five days, the stock has lost -3.71%. Sabra Healthcare REIT Inc shares have risen nearly 25.37% since the year began. Nevertheless, the stocks have risen 29.77% over the past one year. While a 52-week high of $19.32 was reached on 09/18/24, a 52-week low of $12.83 was recorded on 02/05/24. SMA at 50 days reached $17.37, while 200 days put it at $15.10.
Levels Of Support And Resistance For SBRA Stock
The 24-hour chart illustrates a support level at 17.75, which if violated will result in even more drops to 17.62. On the upside, there is a resistance level at 18.09. A further resistance level may holdings at 18.30. The Relative Strength Index (RSI) on the 14-day chart is 47.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.42%. Stochastics %K at 7.90% indicates the stock is a buying.
How much short interest is there in Sabra Healthcare REIT Inc?
A steep rise in short interest was recorded in Sabra Healthcare REIT Inc stocks on 2024-09-13, growing by 7.31 million shares to a total of 18.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.54 million shares. There was a rise of 38.78%, which implies that there is a positive sentiment for the stock.
