Sun Communities, Inc’s filing revealed that its CEO – Safe Harbor Marinas, LLC Underwood Baxter unloaded Company’s shares for reported $0.39 million on Aug 05 ’24. In the deal valued at $131.43 per share,3,000 shares were sold. As a result of this transaction, Underwood Baxter now holds 63,462 shares worth roughly $8.45 million.
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Then, Leupold Craig sold 2,500 shares, generating $320,986 in total proceeds. Upon selling the shares at $128.39, the Director now owns 0 shares.
Before that, Underwood Baxter sold 4,000 shares. Sun Communities, Inc shares valued at $525,920 were divested by the CEO – Safe Harbor Marinas, LLC at a price of $131.48 per share. As a result of the transaction, Underwood Baxter now holds 66,852 shares, worth roughly $8.91 million.
Jefferies initiated its Sun Communities, Inc [SUI] rating to a Buy in a research note published on October 17, 2024; the price target was $160. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “an In-line”. Deutsche Bank began covering SUI with “Hold” recommendation on January 30, 2024. Truist revised its rating on January 16, 2024. It rated SUI as “a Hold” which previously was an “a Buy”.
Price Performance Review of SUI
On Tuesday, Sun Communities, Inc [NYSE:SUI] saw its stock jump 2.26% to $133.22. Over the last five days, the stock has gained 1.50%. Sun Communities, Inc shares have fallen nearly -0.32% since the year began. Nevertheless, the stocks have risen 11.44% over the past one year. While a 52-week high of $147.83 was reached on 09/13/24, a 52-week low of $110.98 was recorded on 04/30/24. SMA at 50 days reached $135.68, while 200 days put it at $127.03.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 130.26, which if violated will result in even more drops to 127.29. On the upside, there is a resistance level at 134.71. A further resistance level may holdings at 136.19. The Relative Strength Index (RSI) on the 14-day chart is 49.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.52%. Stochastics %K at 27.06% indicates the stock is a holding.
How much short interest is there in Sun Communities, Inc?
A steep rise in short interest was recorded in Sun Communities, Inc stocks on 2024-10-15, dropping by -2.64 million shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.05 million shares. There was a decline of -187.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2023 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $125 price target.
