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REG (Regency Centers Corporation) may reap gains as insiders became active recently

In a filing, Regency Centers Corporation revealed its Officer ROTH ALAN TODD acquired Company’s shares for reported $0.3 million on Aug 14 ’24. In the deal valued at $70.36 per share,4,250 shares were bought.

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Then, HERMAN MICHAEL R bought 1,000 shares, generating $69,569 in total proceeds.

Before that, HERMAN MICHAEL R sold 1,000 shares. Regency Centers Corporation shares valued at $69,569 were divested by the Senior VP and General Counsel at a price of $69.57 per share. As a result of the transaction, HERMAN MICHAEL R now holds 13,010 shares, worth roughly $0.94 million.

KeyBanc Capital Markets initiated its Regency Centers Corporation [REG] rating to an Overweight in a research note published on October 25, 2024; the price target was $80. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Evercore ISI also remained covering REG and has decreased its forecast on September 16, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Mizuho revised its rating on July 09, 2024. It rated REG as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of REG

On Monday, Regency Centers Corporation [NASDAQ:REG] saw its stock jump 1.20% to $72.28. Over the last five days, the stock has gained 0.74%. Regency Centers Corporation shares have risen nearly 7.88% since the year began. Nevertheless, the stocks have risen 16.30% over the past one year. While a 52-week high of $75.26 was reached on 09/12/24, a 52-week low of $56.51 was recorded on 04/16/24. SMA at 50 days reached $72.14, while 200 days put it at $64.66.

Levels Of Support And Resistance For REG Stock

The 24-hour chart illustrates a support level at 71.84, which if violated will result in even more drops to 71.40. On the upside, there is a resistance level at 72.61. A further resistance level may holdings at 72.94. The Relative Strength Index (RSI) on the 14-day chart is 53.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.77%. Stochastics %K at 30.96% indicates the stock is a holding.

How much short interest is there in Regency Centers Corporation?

A steep rise in short interest was recorded in Regency Centers Corporation stocks on 2024-10-15, growing by 0.44 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.2 million shares. There was a rise of 16.57%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 18, 2024 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.

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