In a filing, CBL& Associates Properties, Inc. revealed its EVP – Chief Financial Officer Jaenicke Benjamin W unloaded Company’s shares for reported $96144.0 on Sep 11 ’24. In the deal valued at $25.42 per share,3,782 shares were sold. As a result of this transaction, Jaenicke Benjamin W now holds 49,423 shares worth roughly $1.29 million.
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Then, Jaenicke Benjamin W bought 3,782 shares, generating $99,088 in total proceeds.
Before that, LEBOVITZ MICHAEL I sold 29,045 shares. CBL& Associates Properties, Inc. shares valued at $752,547 were divested by the President at a price of $25.91 per share. As a result of the transaction, LEBOVITZ MICHAEL I now holds 57,754 shares, worth roughly $1.51 million.
Price Performance Review of CBL
On Friday, CBL& Associates Properties, Inc. [NYSE:CBL] saw its stock jump 3.62% to $26.06. Over the last five days, the stock has gained 3.00%. CBL& Associates Properties, Inc. shares have risen nearly 6.72% since the year began. Nevertheless, the stocks have risen 26.32% over the past one year. While a 52-week high of $27.34 was reached on 08/26/24, a 52-week low of $19.90 was recorded on 04/18/24. SMA at 50 days reached $25.55, while 200 days put it at $23.78.
Levels Of Support And Resistance For CBL Stock
The 24-hour chart illustrates a support level at 25.63, which if violated will result in even more drops to 25.19. On the upside, there is a resistance level at 26.29. A further resistance level may holdings at 26.51. The Relative Strength Index (RSI) on the 14-day chart is 62.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.49%. Stochastics %K at 69.11% indicates the stock is a holding.
How much short interest is there in CBL& Associates Properties, Inc.?
A steep rise in short interest was recorded in CBL& Associates Properties, Inc. stocks on 2024-09-30, dropping by 33243.0 shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.59 million shares. There was a decline of -2.14%, which implies that there is a negative sentiment for the stock.
