Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Agree Realty Corp. shares valued at $1,186,400 were purchased by RAKOLTA JOHN JR on May 23 ’24. At $59.32 per share, RAKOLTA JOHN JR acquired 20,000 shares. The insider’s holdings grew to 436,011 shares worth approximately $33.43 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Lehmkuhl Greg purchased 1,000 shares, netting a total of over 58,990 in proceeds. Following the buying of shares at $58.99 each, the insider now holds 23,036 shares.
Before that, Breslin Stephen had added 450 shares to its account. In a trade valued at $24,898, the CHIEF ACCOUNTING OFFICER bought Agree Realty Corp. shares for $55.33 each. Upon closing the transaction, the insider’s holdings increased to 450 shares, worth approximately $0.8 million.
As published in their initiating research note from UBS on May 31, 2024, Agree Realty Corp. [ADC] has been a Neutral and the price target has been revised to $60. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February. As of January 22, 2024, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for ADC. Earlier on December 13, 2023, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for ADC stock which previously was a “an Outperform”.
Analyzing ADC Stock Performance
During the last five days, there has been a drop of approximately -0.01%. Over the course of the year, Agree Realty Corp. shares have jumped approximately 21.81%. Nevertheless, trading volume fell to 1.55 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Agree Realty Corp. (ADC)
RSI (Relative Strength Index) is 62.23 on the 14-day chart, showing neutral technical sentiment.
