NNN REIT Inc’s recent filing unveils that its EVP, Portfolio Operations Adamo Jonathan unloaded Company’s shares for reported $0.24 million on Aug 26 ’24. In the deal valued at $47.10 per share,5,000 shares were sold. As a result of this transaction, Adamo Jonathan now holds 71,251 shares worth roughly $3.32 million.
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Then, Horn Stephen A JR sold 28,192 shares, generating $1,314,311 in total proceeds. Upon selling the shares at $46.62, the President & CEO now owns 557,451 shares.
Before that, Stephen A. Horn, Jr. bought 28,192 shares. NNN REIT Inc shares valued at $1,300,497 were divested by the CEO at a price of $46.13 per share.
UBS initiated its NNN REIT Inc [NNN] rating to a Neutral in a research note published on May 31, 2024; the price target was $41. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early May from “an Underperform” to “a Neutral”. Wells Fargo began covering NNN with “an Equal weight” recommendation on September 21, 2023. Janney revised its rating on June 28, 2023. It rated NNN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NNN
On Monday, NNN REIT Inc [NYSE:NNN] saw its stock jump 0.04% to $46.60. Over the last five days, the stock has lost -3.46%. NNN REIT Inc shares have risen nearly 8.12% since the year began. Nevertheless, the stocks have risen 30.64% over the past one year. While a 52-week high of $49.57 was reached on 10/16/24, a 52-week low of $34.61 was recorded on 02/13/24. SMA at 50 days reached $47.80, while 200 days put it at $43.68.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 46.34, which if violated will result in even more drops to 46.09. On the upside, there is a resistance level at 47.00. A further resistance level may holdings at 47.41. The Relative Strength Index (RSI) on the 14-day chart is 36.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.04%. Stochastics %K at 10.97% indicates the stock is a buying.
How much short interest is there in NNN REIT Inc?
A steep rise in short interest was recorded in NNN REIT Inc stocks on 2024-10-15, growing by 0.26 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.77 million shares. There was a rise of 6.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 14, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Underperform”‘ rating along with a $42 price target.
