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. Wheeler Real Estate Investment Trust Inc shares valued at $238,680 were sold by MAGNOLIA CAPITAL FUND, LP on Sep 18 ’24. At $20.40 per share, MAGNOLIA CAPITAL FUND, LP sold 11,700 shares. The insider’s holdings dropped to 249,626 shares worth approximately $3.26 million following the completion of this transaction.
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Also, MAGNOLIA CAPITAL FUND, LP sold 9,380 shares, netting a total of over 192,102 in proceeds. Following the sale of shares at $20.48 each, the insider now holds 261,326 shares.
Before that, MAGNOLIA CAPITAL FUND, LP had sold 4,550 shares from its account. In a trade valued at $92,365, the 10% Owner traded Wheeler Real Estate Investment Trust Inc shares for $20.30 each. Upon closing the transaction, the insider’s holdings decreased to 4,550 shares, worth approximately $3.54 million.
As published in a research note from B. Riley FBR Inc. on February 20, 2018, Wheeler Real Estate Investment Trust Inc [WHLR] has been retained to a Buy and the price target has been revised to $9. Analysts at B. Riley FBR Inc. resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of November 03, 2017, Compass Point has decreased its “Buy” rating to a “Neutral” for WHLR.
Analyzing WHLR Stock Performance
During the last five days, there has been a drop of approximately -21.42%. Over the course of the year, Wheeler Real Estate Investment Trust Inc shares have dropped approximately -88.11%. Shares of the company reached a 52-week high of $118.80 on 01/02/24 and a 52-week low of $2.90 on 09/03/24. A 50-day SMA is recorded $11.41, while a 200-day SMA reached $44.53. Nevertheless, trading volume fell to 6.35 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Wheeler Real Estate Investment Trust Inc (WHLR)
According to the 24-hour chart, there is a support level at 11.56, which, if violated, would cause prices to drop to 10.06. In the upper region, resistance lies at 14.89. The next price resistance is at 16.72. RSI (Relative Strength Index) is 50.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 47.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
