Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CareTrust REIT Inc shares valued at $1,043,000 were sold by Wagner William M on Sep 04 ’24. At $29.80 per share, Wagner William M sold 35,000 shares. The insider’s holdings dropped to 257,439 shares worth approximately $8.41 million following the completion of this transaction.
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Also, Wagner William M purchased 35,000 shares, netting a total of over 1,044,400 in proceeds.
As published in a research note from Wells Fargo on October 01, 2024, CareTrust REIT Inc [CTRE] has been rated up from an Equal weight to an Overweight and the price target has been revised to $34 from $28. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for CTRE. Earlier on September 20, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for CTRE stock.
Analyzing CTRE Stock Performance
During the last five days, there has been a surge of approximately 5.59%. Over the course of the year, CareTrust REIT Inc shares have jumped approximately 45.98%. Shares of the company reached a 52-week high of $33.15 on 10/30/24 and a 52-week low of $20.10 on 02/05/24. A 50-day SMA is recorded $30.51, while a 200-day SMA reached $26.08. Nevertheless, trading volume fell to 9.69 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for CareTrust REIT Inc (CTRE)
According to the 24-hour chart, there is a support level at 32.35, which, if violated, would cause prices to drop to 32.02. In the upper region, resistance lies at 33.05. The next price resistance is at 33.42. RSI (Relative Strength Index) is 72.63 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 15.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
