Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Welltower Inc. shares valued at $187,038 were sold by BACON KENNETH J on Jun 04 ’24. At $103.91 per share, BACON KENNETH J sold 1,800 shares. The insider’s holdings dropped to 14,579 shares worth approximately $1.9 million following the completion of this transaction.
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As published in their initiating research note from Exane BNP Paribas on March 18, 2024, Welltower Inc. [WELL] has been an Outperform and the price target has been revised to $104. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of December 18, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WELL. Earlier on November 28, 2023, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for WELL stock which previously was a “an Outperform”.
Analyzing WELL Stock Performance
During the last five days, there has been a surge of approximately 4.83%. Over the course of the year, Welltower Inc. shares have jumped approximately 44.56%. Shares of the company reached a 52-week high of $131.31 on 09/16/24 and a 52-week low of $85.40 on 02/13/24. A 50-day SMA is recorded $123.50, while a 200-day SMA reached $103.40. Nevertheless, trading volume fell to 1.56 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Welltower Inc. (WELL)
According to the 24-hour chart, there is a support level at 129.20, which, if violated, would cause prices to drop to 128.04. In the upper region, resistance lies at 131.13. The next price resistance is at 131.90. RSI (Relative Strength Index) is 64.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.59, which suggests the price will increase in the coming days. Percent R is at 4.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
