Wheeler Real Estate Investment Trust Inc’s recently made public that its 10% Owner MAGNOLIA CAPITAL FUND, LP unloaded Company’s shares for reported $0.24 million on Sep 18 ’24. In the deal valued at $20.40 per share,11,700 shares were sold. As a result of this transaction, MAGNOLIA CAPITAL FUND, LP now holds 249,626 shares worth roughly $1.91 million.
Then, MAGNOLIA CAPITAL FUND, LP sold 9,380 shares, generating $192,102 in total proceeds. Upon selling the shares at $20.48, the 10% Owner now owns 261,326 shares.
Before that, MAGNOLIA CAPITAL FUND, LP sold 4,550 shares. Wheeler Real Estate Investment Trust Inc shares valued at $92,365 were divested by the 10% Owner at a price of $20.30 per share. As a result of the transaction, MAGNOLIA CAPITAL FUND, LP now holds 270,706 shares, worth roughly $2.07 million.
B. Riley FBR Inc. reiterated its Wheeler Real Estate Investment Trust Inc [WHLR] rating to a Buy in a research note published on February 20, 2018; the price target was $9. A number of analysts have revised their coverage, including B. Riley FBR Inc.’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering WHLR and has decreased its forecast on November 03, 2017 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of WHLR
On Monday, Wheeler Real Estate Investment Trust Inc [NASDAQ:WHLR] saw its stock fall -6.26% to $7.64. Over the last five days, the stock has lost -24.36%. Wheeler Real Estate Investment Trust Inc shares have fallen nearly -93.04% since the year began. Nevertheless, the stocks have fallen -96.35% over the past one year. While a 52-week high of $241.09 was reached on 01/02/24, a 52-week low of $2.90 was recorded on 09/03/24. SMA at 50 days reached $11.97, while 200 days put it at $37.17.
Levels Of Support And Resistance For WHLR Stock
The 24-hour chart illustrates a support level at 6.85, which if violated will result in even more drops to 6.05. On the upside, there is a resistance level at 9.16. A further resistance level may holdings at 10.67. The Relative Strength Index (RSI) on the 14-day chart is 40.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.37%. Stochastics %K at 6.34% indicates the stock is a buying.
How much short interest is there in Wheeler Real Estate Investment Trust Inc?
A steep rise in short interest was recorded in Wheeler Real Estate Investment Trust Inc stocks on 2024-10-15, dropping by -0.11 million shares to a total of 52471.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.16 million shares. There was a decline of -200.3%, which implies that there is a negative sentiment for the stock.
