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Investing in Regency Centers Corporation (REG): What You Must Know

Regency Centers Corporation’s recently made public that its Officer ROTH ALAN TODD acquired Company’s shares for reported $0.3 million on Aug 14 ’24. In the deal valued at $70.36 per share,4,250 shares were bought.

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Then, HERMAN MICHAEL R bought 1,000 shares, generating $69,569 in total proceeds.

Before that, HERMAN MICHAEL R sold 1,000 shares. Regency Centers Corporation shares valued at $69,569 were divested by the Senior VP and General Counsel at a price of $69.57 per share. As a result of the transaction, HERMAN MICHAEL R now holds 13,010 shares, worth roughly $0.92 million.

Deutsche Bank downgraded its Regency Centers Corporation [REG] rating to a Hold from a a Buy in a research note published on September 26, 2024; the price target was increased to $75 from $70. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “an In-line”. Mizuho also remained covering REG and has increased its forecast on July 09, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Mizuho started covering the stock on April 18, 2024. It rated REG as “a Neutral”.

Price Performance Review of REG

On Monday, Regency Centers Corporation [NASDAQ:REG] saw its stock jump 0.58% to $70.71. Over the last five days, the stock has gained 0.43%. Regency Centers Corporation shares have risen nearly 5.54% since the year began. Nevertheless, the stocks have risen 19.73% over the past one year. While a 52-week high of $75.26 was reached on 09/12/24, a 52-week low of $56.51 was recorded on 04/16/24. SMA at 50 days reached $71.59, while 200 days put it at $64.13.

Levels Of Support And Resistance For REG Stock

The 24-hour chart illustrates a support level at 70.03, which if violated will result in even more drops to 69.35. On the upside, there is a resistance level at 71.16. A further resistance level may holdings at 71.60. The Relative Strength Index (RSI) on the 14-day chart is 45.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.85%. Stochastics %K at 22.84% indicates the stock is a holding.

How much short interest is there in Regency Centers Corporation?

A steep rise in short interest was recorded in Regency Centers Corporation stocks on 2024-09-30, growing by 11968.0 shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.2 million shares. There was a rise of 0.54%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 01, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $70 price target.

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