Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Plymouth Industrial Reit Inc shares valued at $13,285,868 were sold by MIRELF VI REIT Investments IV, on Aug 19 ’24. At $23.58 per share, MIRELF VI REIT Investments IV, sold 563,438 shares. The insider’s holdings dropped to 4,474,292 shares worth approximately $95.3 million following the completion of this transaction.
Also, WHITE PENDLETON P purchased 4,000 shares, netting a total of over 86,320 in proceeds. Following the buying of shares at $21.58 each, the insider now holds 4,000 shares.
As published in their initiating research note from Barclays on March 27, 2024, Plymouth Industrial Reit Inc [PLYM] has been an Equal weight and the price target has been revised to $22. Analysts at JMP Securities upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in late January. As of December 18, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for PLYM. Earlier on May 18, 2023, Exane BNP Paribas upgraded its rating. Their new recommendation was “an Outperform” for PLYM stock which previously was a “a Neutral”.
Analyzing PLYM Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, Plymouth Industrial Reit Inc shares have dropped approximately -11.51%. Shares of the company reached a 52-week high of $24.71 on 07/24/24 and a 52-week low of $19.84 on 04/18/24. A 50-day SMA is recorded $22.06, while a 200-day SMA reached $21.95. Nevertheless, trading volume fell to 0.8 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Plymouth Industrial Reit Inc (PLYM)
According to the 24-hour chart, there is a support level at 20.74, which, if violated, would cause prices to drop to 20.19. In the upper region, resistance lies at 21.63. The next price resistance is at 21.97. RSI (Relative Strength Index) is 51.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 24.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
