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. W. P. Carey Inc shares valued at $114,059 were purchased by ALEXANDER MARK A on Aug 16 ’24. At $57.03 per share, ALEXANDER MARK A acquired 2,000 shares. The insider’s holdings grew to 40,124 shares worth approximately $2.37 million following the completion of this transaction.
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Also, ALEXANDER MARK A purchased 3,500 shares, netting a total of over 195,531 in proceeds. Following the buying of shares at $55.87 each, the insider now holds 38,124 shares.
Before that, Zander Brian H had sold 500 shares from its account. In a trade valued at $28,375, the Chief Accounting Officer traded W. P. Carey Inc shares for $56.75 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.45 million.
As published in their initiating research note from UBS on May 31, 2024, W. P. Carey Inc [WPC] has been a Neutral and the price target has been revised to $57. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late March. As of February 12, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for WPC. Earlier on November 13, 2023, JMP Securities downgraded its rating. Their new recommendation was “a Mkt perform” for WPC stock which previously was a “a Mkt outperform”.
Analyzing WPC Stock Performance
During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, W. P. Carey Inc shares have dropped approximately -8.92%. Nevertheless, trading volume fell to 0.66 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for W. P. Carey Inc (WPC)
RSI (Relative Strength Index) is 39.60 on the 14-day chart, showing neutral technical sentiment.
