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. Gaming and Leisure Properties Inc shares valued at $345,352 were sold by Urdang E Scott on Oct 29 ’24. At $50.16 per share, Urdang E Scott sold 6,885 shares. The insider’s holdings dropped to 149,800 shares worth approximately $7.61 million following the completion of this transaction.
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Also, Burke Desiree A. sold 12,973 shares, netting a total of over 674,855 in proceeds. Following the sale of shares at $52.02 each, the insider now holds 108,073 shares.
Before that, Burke Desiree A. had added 12,973 shares to its account. In a trade valued at $674,888, the Officer bought Gaming and Leisure Properties Inc shares for $52.02 each.
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 -0.27%. Over the course of the year, Gaming and Leisure Properties Inc shares have jumped approximately 2.90%. Shares of the company reached a 52-week high of $52.60 on 09/10/24 and a 52-week low of $41.80 on 04/17/24. A 50-day SMA is recorded $51.11, while a 200-day SMA reached $46.99. Nevertheless, trading volume fell to 1.22 million shares from 2.37 million shares the previous day.
Support And Resistance Levels for Gaming and Leisure Properties Inc (GLPI)
According to the 24-hour chart, there is a support level at 50.48, which, if violated, would cause prices to drop to 50.17. In the upper region, resistance lies at 51.30. The next price resistance is at 51.81. RSI (Relative Strength Index) is 49.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 45.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
