Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gaming and Leisure Properties Inc shares valued at $674,855 were sold by Burke Desiree A. on Aug 30 ’24. At $52.02 per share, Burke Desiree A. sold 12,973 shares. The insider’s holdings dropped to 108,073 shares worth approximately $5.5 million following the completion of this transaction.
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Also, Burke Desiree A. purchased 12,973 shares, netting a total of over 674,888 in proceeds.
Before that, Moore Brandon John had sold 30,900 shares from its account. In a trade valued at $1,546,545, the COO, Gen Counsel & Sec traded Gaming and Leisure Properties Inc shares for $50.05 each. Upon closing the transaction, the insider’s holdings decreased to 30,900 shares, worth approximately $10.64 million.
As published in a research note from Wolfe Research on August 23, 2024, Gaming and Leisure Properties Inc [GLPI] has been rated up from a Peer perform to an Outperform and the price target has been revised to $57. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 11, 2023, Mizuho has decreased its “Buy” rating to a “Neutral” for GLPI. Earlier on December 08, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for GLPI stock.
Analyzing GLPI Stock Performance
During the last five days, there has been a drop of approximately -0.76%. Over the course of the year, Gaming and Leisure Properties Inc shares have jumped approximately 3.18%. Nevertheless, trading volume fell to 1.11 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Gaming and Leisure Properties Inc (GLPI)
RSI (Relative Strength Index) is 49.31 on the 14-day chart, showing neutral technical sentiment.
