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Insider Buying: Good John A, Farmland Partners Inc [FPI] Director invested 24,000 shares

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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. Farmland Partners Inc shares valued at $243,574 were purchased by Good John A on Aug 07 ’24. At $10.15 per share, Good John A acquired 24,000 shares. The insider’s holdings grew to 86,465 shares worth approximately $1.01 million following the completion of this transaction.

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Also, Fabbri Luca purchased 1,000 shares, netting a total of over 10,000 in proceeds. Following the buying of shares at $10.00 each, the insider now holds 321,344 shares.

Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of June 21, 2022, ROTH Capital has initiated its “Buy” rating for FPI. Earlier on October 14, 2021, Berenberg initiated its rating. Their recommendation was “a Buy” for FPI stock.

Analyzing FPI Stock Performance

During the last five days, there has been a surge of approximately 4.65%. Over the course of the year, Farmland Partners Inc shares have dropped approximately -6.17%. Shares of the company reached a 52-week high of $12.53 on 01/02/24 and a 52-week low of $9.70 on 08/05/24. A 50-day SMA is recorded $10.57, while a 200-day SMA reached $10.89. Nevertheless, trading volume fell to 0.54 million shares from 0.21 million shares the previous day.

Support And Resistance Levels for Farmland Partners Inc (FPI)

According to the 24-hour chart, there is a support level at 11.28, which, if violated, would cause prices to drop to 10.86. In the upper region, resistance lies at 12.09. The next price resistance is at 12.47. RSI (Relative Strength Index) is 73.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 24.28%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Farmland Partners Inc (FPI)?

On November 13, 2018, B. Riley FBR assigned a price target of “a Neutral” to the stock and downgraded coverage with a $7.50.

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