Eastgroup Properties, Inc.’s recently made public that its Executive Vice President & CFO WOOD BRENT unloaded Company’s shares for reported $0.31 million on Sep 12 ’24. In the deal valued at $184.42 per share,1,670 shares were sold. As a result of this transaction, WOOD BRENT now holds 110,926 shares worth roughly $19.9 million.
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Then, Dunbar Richard Reid sold 1,650 shares, generating $303,590 in total proceeds. Upon selling the shares at $183.99, the Senior Vice President now owns 20,057 shares.
Before that, RICHARD REID DUNBAR bought 1,650 shares. Eastgroup Properties, Inc. shares valued at $303,590 were divested by the Officer at a price of $183.99 per share.
Evercore ISI upgraded its Eastgroup Properties, Inc. [EGP] rating to an Outperform from a an In-line in a research note published on September 16, 2024; the price target was increased to $204 from $192. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Outperform”. Wells Fargo also remained covering EGP and has increased its forecast on August 28, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wedbush revised its rating on July 22, 2024. It rated EGP as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of EGP
On Tuesday, Eastgroup Properties, Inc. [NYSE:EGP] saw its stock jump 0.93% to $179.44. Over the last five days, the stock has gained 0.97%. Eastgroup Properties, Inc. shares have fallen nearly -2.23% since the year began. Nevertheless, the stocks have risen 8.48% over the past one year. While a 52-week high of $192.61 was reached on 07/24/24, a 52-week low of $154.75 was recorded on 04/25/24. SMA at 50 days reached $184.15, while 200 days put it at $176.82.
Levels Of Support And Resistance For EGP Stock
The 24-hour chart illustrates a support level at 178.03, which if violated will result in even more drops to 176.62. On the upside, there is a resistance level at 180.44. A further resistance level may holdings at 181.44. The Relative Strength Index (RSI) on the 14-day chart is 42.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.52%. Stochastics %K at 23.36% indicates the stock is a holding.
How much short interest is there in Eastgroup Properties, Inc.?
A steep rise in short interest was recorded in Eastgroup Properties, Inc. stocks on 2024-09-30, growing by 0.17 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.19 million shares. There was a rise of 12.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 04, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $167 price target.
