Industrial Logistics Properties Trust’s recently made public that its Director PHELAN KEVIN C acquired Company’s shares for reported $9499.0 on Aug 02 ’24. In the deal valued at $4.75 per share,2,000 shares were bought. As a result of this transaction, PHELAN KEVIN C now holds 10,500 shares worth roughly $36015.0.
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JMP Securities downgraded its Industrial Logistics Properties Trust [ILPT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. BTIG Research began covering ILPT with “Neutral” recommendation on April 26, 2021.
Price Performance Review of ILPT
On Friday, Industrial Logistics Properties Trust [NASDAQ:ILPT] saw its stock fall -2.97% to $3.43. Over the last five days, the stock has lost -11.83%. Industrial Logistics Properties Trust shares have fallen nearly -27.02% since the year began. Nevertheless, the stocks have risen 35.57% over the past one year. While a 52-week high of $5.45 was reached on 07/31/24, a 52-week low of $2.44 was recorded on 11/01/24. SMA at 50 days reached $4.59, while 200 days put it at $4.20.
Levels Of Support And Resistance For ILPT Stock
The 24-hour chart illustrates a support level at 3.19, which if violated will result in even more drops to 2.95. On the upside, there is a resistance level at 3.63. A further resistance level may holdings at 3.82. The Relative Strength Index (RSI) on the 14-day chart is 16.59, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.56%. Stochastics %K at 13.24% indicates the stock is a buying.
How much short interest is there in Industrial Logistics Properties Trust?
A steep rise in short interest was recorded in Industrial Logistics Properties Trust stocks on 2024-10-15, dropping by -0.23 million shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.03 million shares. There was a decline of -12.53%, which implies that there is a negative sentiment for the stock.
