The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Regency Centers Corporation shares valued at $299,030 were purchased by ROTH ALAN TODD on Aug 14 ’24. At $70.36 per share, ROTH ALAN TODD acquired 4,250 shares.
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Also, HERMAN MICHAEL R purchased 1,000 shares, netting a total of over 69,569 in proceeds.
Before that, HERMAN MICHAEL R had sold 1,000 shares from its account. In a trade valued at $69,569, the Senior VP and General Counsel traded Regency Centers Corporation shares for $69.57 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.91 million.
As published in a research note from Deutsche Bank on September 26, 2024, Regency Centers Corporation [REG] has been rated down from a Buy to a Hold and the price target has been revised to $75 from $70. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid September. As of July 09, 2024, Mizuho has increased its “Neutral” rating to a “an Outperform” for REG. Earlier on April 18, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for REG stock.
Analyzing REG Stock Performance
During the last five days, there has been a drop of approximately -1.75%. Over the course of the year, Regency Centers Corporation shares have jumped approximately 4.13%. Shares of the company reached a 52-week high of $75.26 on 09/12/24 and a 52-week low of $56.51 on 04/16/24. A 50-day SMA is recorded $71.54, while a 200-day SMA reached $64.09. Nevertheless, trading volume fell to 0.75 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Regency Centers Corporation (REG)
According to the 24-hour chart, there is a support level at 69.16, which, if violated, would cause prices to drop to 68.56. In the upper region, resistance lies at 70.68. The next price resistance is at 71.60. RSI (Relative Strength Index) is 39.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 91.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
