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. SITE Centers Corp shares valued at $354,159 were sold by Fennerty Conor on Aug 21 ’24. At $60.54 per share, Fennerty Conor sold 5,850 shares. The insider’s holdings dropped to 41,709 shares worth approximately $0.72 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Fennerty Conor purchased 5,850 shares, netting a total of over 353,792 in proceeds.
Before that, Otto Alexander had sold 424,355 shares from its account. In a trade valued at $6,624,606, the Director traded SITE Centers Corp shares for $15.61 each. Upon closing the transaction, the insider’s holdings decreased to 424,355 shares, worth approximately $278.09 million.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, SITE Centers Corp [SITC] has been rated down from an Overweight to a Sector weight. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of January 05, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for SITC. Earlier on September 20, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SITC stock which previously was a “an Equal weight”.
Analyzing SITC Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, SITE Centers Corp shares have jumped approximately 61.84%. Shares of the company reached a 52-week high of $64.44 on 07/30/24 and a 52-week low of $16.50 on 10/02/24. A 50-day SMA is recorded $53.12, while a 200-day SMA reached $55.71. Nevertheless, trading volume fell to 1.8 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for SITE Centers Corp (SITC)
According to the 24-hour chart, there is a support level at 17.09, which, if violated, would cause prices to drop to 16.98. In the upper region, resistance lies at 17.36. The next price resistance is at 17.51. RSI (Relative Strength Index) is 81.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.05, which suggests the price will decrease in the coming days. Percent R is at 98.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
