Agree Realty Corp’s recent filing unveils that its Director RAKOLTA JOHN JR acquired Company’s shares for reported $1.19 million on May 23 ’24. In the deal valued at $59.32 per share,20,000 shares were bought. As a result of this transaction, RAKOLTA JOHN JR now holds 436,011 shares worth roughly $32.23 million.
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Then, Lehmkuhl Greg bought 1,000 shares, generating $58,990 in total proceeds. Upon buying the shares at $58.99, the Director now owns 23,036 shares.
Before that, Breslin Stephen bought 450 shares. Agree Realty Corp shares valued at $24,898 were divested by the CHIEF ACCOUNTING OFFICER at a price of $55.33 per share. As a result of the transaction, Breslin Stephen now holds 10,441 shares, worth roughly $0.77 million.
UBS initiated its Agree Realty Corp [ADC] rating to a Neutral in a research note published on May 31, 2024; the price target was $60. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. JMP Securities also remained covering ADC and has increased its forecast on January 22, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. Exane BNP Paribas revised its rating on December 13, 2023. It rated ADC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of ADC
On Friday, Agree Realty Corp [NYSE:ADC] saw its stock fall -0.43% to $73.93. Over the last five days, the stock has lost -1.47%. Agree Realty Corp shares have risen nearly 17.44% since the year began. Nevertheless, the stocks have risen 29.20% over the past one year. While a 52-week high of $77.47 was reached on 10/24/24, a 52-week low of $54.28 was recorded on 03/01/24. SMA at 50 days reached $74.72, while 200 days put it at $64.33.
Levels Of Support And Resistance For ADC Stock
The 24-hour chart illustrates a support level at 73.43, which if violated will result in even more drops to 72.93. On the upside, there is a resistance level at 74.92. A further resistance level may holdings at 75.91. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.84%. Stochastics %K at 25.79% indicates the stock is a holding.
How much short interest is there in Agree Realty Corp?
A steep rise in short interest was recorded in Agree Realty Corp stocks on 2024-10-15, dropping by -2.09 million shares to a total of 9.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.36 million shares. There was a decline of -22.49%, which implies that there is a negative sentiment for the stock.
