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Investing in Farmland Partners Inc (FPI): What You Must Know

Farmland Partners Inc’s recent filing unveils that its Director Good John A acquired Company’s shares for reported $0.24 million on Aug 07 ’24. In the deal valued at $10.15 per share,24,000 shares were bought. As a result of this transaction, Good John A now holds 86,465 shares worth roughly $1.02 million.

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Then, Fabbri Luca bought 1,000 shares, generating $10,000 in total proceeds. Upon buying the shares at $10.00, the President and CEO now owns 321,344 shares.

A number of analysts have revised their coverage, including Janney’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. ROTH Capital began covering FPI with “Buy” recommendation on June 21, 2022. Berenberg started covering the stock on October 14, 2021. It rated FPI as “a Buy”.

Price Performance Review of FPI

On Monday, Farmland Partners Inc [NYSE:FPI] saw its stock jump 2.16% to $11.85. Over the last five days, the stock has gained 6.76%. Farmland Partners Inc shares have fallen nearly -5.05% since the year began. Nevertheless, the stocks have risen 9.40% over the past one year. While a 52-week high of $12.98 was reached on 01/02/24, a 52-week low of $9.70 was recorded on 08/05/24. SMA at 50 days reached $10.64, while 200 days put it at $10.89.

Levels Of Support And Resistance For FPI Stock

The 24-hour chart illustrates a support level at 11.61, which if violated will result in even more drops to 11.37. On the upside, there is a resistance level at 12.08. A further resistance level may holdings at 12.32. The Relative Strength Index (RSI) on the 14-day chart is 72.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.79%. Stochastics %K at 74.07% indicates the stock is a holding.

How much short interest is there in Farmland Partners Inc?

A steep rise in short interest was recorded in Farmland Partners Inc stocks on 2024-10-15, dropping by 62127.0 shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.54 million shares. There was a decline of -1.79%, which implies that there is a negative sentiment for the stock.

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