The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arbor Realty Trust Inc. shares valued at $23,229 were purchased by Friedman David Erwin on Sep 05 ’24. At $13.09 per share, Friedman David Erwin acquired 1,775 shares. The insider’s holdings grew to 67,511 shares worth approximately $1.03 million following the completion of this transaction.
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Also, Green William C purchased 10,719 shares, netting a total of over 140,693 in proceeds. Following the buying of shares at $13.13 each, the insider now holds 173,528 shares.
Before that, Friedman David Erwin had added 5,275 shares to its account. In a trade valued at $70,526, the CCO & Head of Non-Agcy Prod bought Arbor Realty Trust Inc. shares for $13.37 each. Upon closing the transaction, the insider’s holdings increased to 5,275 shares, worth approximately $1.0 million.
As published in a research note from Wedbush on April 11, 2024, Arbor Realty Trust Inc. [ABR] has been rated down from an Outperform to a Neutral and the price target has been revised to $13 from $17. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of July 24, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for ABR. Earlier on June 02, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for ABR stock.
Analyzing ABR Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, Arbor Realty Trust Inc. shares have jumped approximately 0.66%. Nevertheless, trading volume fell to 1.31 million shares from 2.04 million shares the previous day.
Support And Resistance Levels for Arbor Realty Trust Inc. (ABR)
RSI (Relative Strength Index) is 56.06 on the 14-day chart, showing neutral technical sentiment.
