In a filing, Gaming and Leisure Properties Inc revealed its CFO and Treasurer Burke Desiree A. unloaded Company’s shares for reported $0.67 million on Aug 30 ’24. In the deal valued at $52.02 per share,12,973 shares were sold. As a result of this transaction, Burke Desiree A. now holds 108,073 shares worth roughly $5.49 million.
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Then, Burke Desiree A. bought 12,973 shares, generating $674,888 in total proceeds.
Before that, Moore Brandon John sold 30,900 shares. Gaming and Leisure Properties Inc shares valued at $1,546,545 were divested by the COO, Gen Counsel & Sec at a price of $50.05 per share. As a result of the transaction, Moore Brandon John now holds 208,977 shares, worth roughly $10.61 million.
Wolfe Research upgraded its Gaming and Leisure Properties Inc [GLPI] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Mizuho also remained covering GLPI and has decreased its forecast on December 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on December 08, 2023. It rated GLPI as “a Neutral”.
Price Performance Review of GLPI
On Friday, Gaming and Leisure Properties Inc [NASDAQ:GLPI] saw its stock jump 0.69% to $50.78. Over the last five days, the stock has lost -0.43%. Gaming and Leisure Properties Inc shares have risen nearly 2.90% since the year began. Nevertheless, the stocks have risen 7.56% over the past one year. While a 52-week high of $52.60 was reached on 09/10/24, a 52-week low of $41.80 was recorded on 04/17/24. SMA at 50 days reached $50.69, while 200 days put it at $46.83.
Levels Of Support And Resistance For GLPI Stock
The 24-hour chart illustrates a support level at 50.55, which if violated will result in even more drops to 50.32. On the upside, there is a resistance level at 50.90. A further resistance level may holdings at 51.03. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.08%. Stochastics %K at 36.32% indicates the stock is a holding.
How much short interest is there in Gaming and Leisure Properties Inc?
A steep rise in short interest was recorded in Gaming and Leisure Properties Inc stocks on 2024-09-30, dropping by -0.4 million shares to a total of 4.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.89 million shares. There was a decline of -8.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $51 price target.
