Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadia Realty Trust shares valued at $211,141 were sold by Gottfried John J. on May 03 ’24. At $16.89 per share, Gottfried John J. sold 12,500 shares. The insider’s holdings dropped to 7,600 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Hartmann Richard sold 25,000 shares, netting a total of over 427,622 in proceeds. Following the sale of shares at $17.10 each, the insider now holds 0 shares.
Before that, ZOBA C DAVID had added 1,000 shares to its account. In a trade valued at $16,300, the Director bought Acadia Realty Trust shares for $16.30 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $67770.0.
As published in a research note from Compass Point on October 10, 2024, Acadia Realty Trust [AKR] has been rated up from a Neutral to a Buy and the price target has been revised to $27. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of April 05, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for AKR. Earlier on January 16, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for AKR stock which previously was a “a Buy”.
Analyzing AKR Stock Performance
During the last five days, there has been a surge of approximately 2.49%. Over the course of the year, Acadia Realty Trust shares have jumped approximately 47.73%. Shares of the company reached a 52-week high of $25.58 on 11/06/24 and a 52-week low of $16.09 on 03/15/24. A 50-day SMA is recorded $23.46, while a 200-day SMA reached $19.33. Nevertheless, trading volume fell to 1.56 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Acadia Realty Trust (AKR)
According to the 24-hour chart, there is a support level at 24.92, which, if violated, would cause prices to drop to 24.74. In the upper region, resistance lies at 25.26. The next price resistance is at 25.42. RSI (Relative Strength Index) is 65.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 28.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
