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Gaming and Leisure Properties Inc [GLPI] Investment Appeal on the Rise

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In a filing, Gaming and Leisure Properties Inc revealed its Director Urdang E Scott unloaded Company’s shares for reported $0.35 million on Oct 29 ’24. In the deal valued at $50.16 per share,6,885 shares were sold. As a result of this transaction, Urdang E Scott now holds 149,800 shares worth roughly $7.46 million.

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Then, Burke Desiree A. sold 12,973 shares, generating $674,855 in total proceeds. Upon selling the shares at $52.02, the CFO and Treasurer now owns 108,073 shares.

Before that, Burke Desiree A. bought 12,973 shares. Gaming and Leisure Properties Inc shares valued at $674,888 were divested by the Officer at a price of $52.02 per share.

Wolfe Research upgraded its Gaming and Leisure Properties Inc [GLPI] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Mizuho also remained covering GLPI and has decreased its forecast on December 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on December 08, 2023. It rated GLPI as “a Neutral”.

Price Performance Review of GLPI

On Friday, Gaming and Leisure Properties Inc [NASDAQ:GLPI] saw its stock fall -0.74% to $49.82. Over the last five days, the stock has gained 0.10%. Gaming and Leisure Properties Inc shares have risen nearly 0.95% since the year began. Nevertheless, the stocks have risen 10.47% over the past one year. While a 52-week high of $52.60 was reached on 09/10/24, a 52-week low of $41.80 was recorded on 04/17/24. SMA at 50 days reached $51.11, while 200 days put it at $47.03.

Levels Of Support And Resistance For GLPI Stock

The 24-hour chart illustrates a support level at 49.33, which if violated will result in even more drops to 48.84. On the upside, there is a resistance level at 50.64. A further resistance level may holdings at 51.46. The Relative Strength Index (RSI) on the 14-day chart is 39.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.50%. Stochastics %K at 30.75% indicates the stock is a holding.

How much short interest is there in Gaming and Leisure Properties Inc?

A steep rise in short interest was recorded in Gaming and Leisure Properties Inc stocks on 2024-10-15, growing by 0.24 million shares to a total of 4.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.48 million shares. There was a rise of 5.11%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $51 price target.

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