NNN REIT Inc’s recent filing unveils that its EVP, Portfolio Operations Adamo Jonathan unloaded Company’s shares for reported $0.24 million on Aug 26 ’24. In the deal valued at $47.10 per share,5,000 shares were sold. As a result of this transaction, Adamo Jonathan now holds 71,251 shares worth roughly $3.09 million.
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Then, Horn Stephen A JR sold 28,192 shares, generating $1,314,311 in total proceeds. Upon selling the shares at $46.62, the President & CEO now owns 557,451 shares.
Before that, Stephen A. Horn, Jr. bought 28,192 shares. NNN REIT Inc shares valued at $1,300,497 were divested by the CEO at a price of $46.13 per share.
Exane BNP Paribas downgraded its NNN REIT Inc [NNN] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Colliers Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. UBS began covering NNN with “Neutral” recommendation on May 31, 2024. Exane BNP Paribas revised its rating on May 02, 2024. It rated NNN as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of NNN
On Monday, NNN REIT Inc [NYSE:NNN] saw its stock fall -0.16% to $43.33. Over the last five days, the stock has lost -7.02%. NNN REIT Inc shares have risen nearly 0.53% since the year began. Nevertheless, the stocks have risen 11.56% over the past one year. While a 52-week high of $49.57 was reached on 10/16/24, a 52-week low of $37.69 was recorded on 02/13/24. SMA at 50 days reached $47.64, while 200 days put it at $43.72.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 43.02, which if violated will result in even more drops to 42.71. On the upside, there is a resistance level at 43.71. A further resistance level may holdings at 44.09. The Relative Strength Index (RSI) on the 14-day chart is 20.75, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.30%. Stochastics %K at 2.04% indicates the stock is a buying.
How much short interest is there in NNN REIT Inc?
A steep rise in short interest was recorded in NNN REIT Inc stocks on 2024-10-15, growing by 0.26 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.77 million shares. There was a rise of 6.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 21, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $40 price target.
