COPT Defense Properties’s recent filing unveils that its PRESIDENT/CEO BUDORICK STEPHEN E unloaded Company’s shares for reported $0.29 million on Nov 04 ’24. In the deal valued at $32.38 per share,9,000 shares were sold. As a result of this transaction, BUDORICK STEPHEN E now holds 180,736 shares worth roughly $5.87 million.
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Then, Snider Britt A. bought 1,000 shares, generating $29,407 in total proceeds. Upon buying the shares at $29.41, the EVP & COO now owns 2,000 shares.
Before that, DENTON ROBERT L sold 4,523 shares. COPT Defense Properties shares valued at $111,192 were divested by the Director at a price of $24.58 per share. As a result of the transaction, DENTON ROBERT L now holds 4,398 shares, worth roughly $0.14 million.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Tuesday, COPT Defense Properties [NYSE:CDP] saw its stock jump 0.06% to $32.49. Over the last five days, the stock has lost -0.03%. COPT Defense Properties shares have risen nearly 26.77% since the year began. Nevertheless, the stocks have risen 35.94% over the past one year. While a 52-week high of $33.05 was reached on 10/30/24, a 52-week low of $22.20 was recorded on 04/18/24. SMA at 50 days reached $30.87, while 200 days put it at $26.47.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 32.25, which if violated will result in even more drops to 32.00. On the upside, there is a resistance level at 32.69. A further resistance level may holdings at 32.88. The Relative Strength Index (RSI) on the 14-day chart is 62.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.41%. Stochastics %K at 49.35% indicates the stock is a holding.
How much short interest is there in COPT Defense Properties?
A steep rise in short interest was recorded in COPT Defense Properties stocks on 2024-10-15, dropping by 37081.0 shares to a total of 4.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.19 million shares. There was a decline of -0.89%, which implies that there is a negative 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 $27 price target.
