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A Guide To The Risks Of Investing In Regency Centers Corporation (REG)

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 $0.93 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 fall -1.34% to $71.60. Over the last five days, the stock has gained 1.26%. Regency Centers Corporation shares have risen nearly 6.87% since the year began. Nevertheless, the stocks have risen 20.97% 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 $71.82, while 200 days put it at $64.26.

Levels Of Support And Resistance For REG Stock

The 24-hour chart illustrates a support level at 71.28, which if violated will result in even more drops to 70.95. On the upside, there is a resistance level at 72.15. A further resistance level may holdings at 72.69. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.38%. Stochastics %K at 82.20% indicates the stock is a selling.

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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