Acadia Realty Trust’s filing revealed that its Executive VP and CFO Gottfried John J. unloaded Company’s shares for reported $0.21 million on May 03 ’24. In the deal valued at $16.89 per share,12,500 shares were sold. As a result of this transaction, Gottfried John J. now holds 7,600 shares worth roughly $0.18 million.
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Then, Hartmann Richard sold 25,000 shares, generating $427,622 in total proceeds. Upon selling the shares at $17.10, the Sr. VP now owns 0 shares.
Before that, ZOBA C DAVID bought 1,000 shares. Acadia Realty Trust shares valued at $16,300 were divested by the Director at a price of $16.30 per share. As a result of the transaction, ZOBA C DAVID now holds 2,700 shares, worth roughly $65313.0.
Compass Point upgraded its Acadia Realty Trust [AKR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late June from “an Underweight” to “a Neutral”. BofA Securities also remained covering AKR and has increased its forecast on April 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Truist revised its rating on January 16, 2024. It rated AKR as “a Hold” which previously was an “a Buy”.
Price Performance Review of AKR
On Monday, Acadia Realty Trust [NYSE:AKR] saw its stock fall -2.22% to $24.19. Over the last five days, the stock has gained 1.77%. Acadia Realty Trust shares have risen nearly 42.38% since the year began. Nevertheless, the stocks have risen 73.78% over the past one year. While a 52-week high of $24.75 was reached on 10/18/24, a 52-week low of $13.24 was recorded on 03/15/24. SMA at 50 days reached $22.75, while 200 days put it at $18.84.
Levels Of Support And Resistance For AKR Stock
The 24-hour chart illustrates a support level at 24.02, which if violated will result in even more drops to 23.85. On the upside, there is a resistance level at 24.53. A further resistance level may holdings at 24.87. The Relative Strength Index (RSI) on the 14-day chart is 61.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.40%. Stochastics %K at 87.62% indicates the stock is a selling.
How much short interest is there in Acadia Realty Trust?
A steep rise in short interest was recorded in Acadia Realty Trust stocks on 2024-09-30, dropping by -0.33 million shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.83 million shares. There was a decline of -13.11%, which implies that there is a negative sentiment for the stock.
