The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NNN REIT Inc shares valued at $235,500 were sold by Adamo Jonathan on Aug 26 ’24. At $47.10 per share, Adamo Jonathan sold 5,000 shares. The insider’s holdings dropped to 71,251 shares worth approximately $2.96 million following the completion of this transaction.
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Also, Horn Stephen A JR sold 28,192 shares, netting a total of over 1,314,311 in proceeds. Following the sale of shares at $46.62 each, the insider now holds 557,451 shares.
Before that, Stephen A. Horn, Jr. had added 28,192 shares to its account. In a trade valued at $1,300,497, the CEO bought NNN REIT Inc shares for $46.13 each.
As published in a research note from Exane BNP Paribas on November 04, 2024, NNN REIT Inc [NNN] has been rated down from a Neutral to an Underperform and the price target has been revised to $44. Analysts at Colliers Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of May 31, 2024, UBS has initiated its “Neutral” rating for NNN. Earlier on May 02, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for NNN stock which previously was a “an Underperform”.
Analyzing NNN Stock Performance
During the last five days, there has been a drop of approximately -4.44%. Over the course of the year, NNN REIT Inc shares have dropped approximately -3.69%. Shares of the company reached a 52-week high of $49.57 on 10/16/24 and a 52-week low of $38.88 on 02/13/24. A 50-day SMA is recorded $47.34, while a 200-day SMA reached $43.73. Nevertheless, trading volume fell to 1.71 million shares from 2.97 million shares the previous day.
Support And Resistance Levels for NNN REIT Inc (NNN)
According to the 24-hour chart, there is a support level at 41.27, which, if violated, would cause prices to drop to 41.02. In the upper region, resistance lies at 41.83. The next price resistance is at 42.14. RSI (Relative Strength Index) is 16.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.35, which suggests the price will decrease in the coming days. Percent R is at 94.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
