COPT Defense Properties’s filing revealed that its PRESIDENT/CEO BUDORICK STEPHEN E unloaded Company’s shares for reported $0.29 million on Nov 07 ’24. In the deal valued at $32.54 per share,8,854 shares were sold. As a result of this transaction, BUDORICK STEPHEN E now holds 153,882 shares worth roughly $4.95 million.
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Then, BUDORICK STEPHEN E sold 9,000 shares, generating $293,724 in total proceeds. Upon selling the shares at $32.64, the PRESIDENT/CEO now owns 162,736 shares.
Before that, BUDORICK STEPHEN E sold 9,000 shares. COPT Defense Properties shares valued at $291,645 were divested by the PRESIDENT/CEO at a price of $32.41 per share. As a result of the transaction, BUDORICK STEPHEN E now holds 171,736 shares, worth roughly $5.52 million.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Friday, COPT Defense Properties [NYSE:CDP] saw its stock fall -0.74% to $32.14. Over the last five days, the stock has gained 0.59%. COPT Defense Properties shares have risen nearly 25.40% since the year began. Nevertheless, the stocks have risen 36.42% over the past one year. While a 52-week high of $34.22 was reached on 11/06/24, a 52-week low of $22.20 was recorded on 04/18/24. SMA at 50 days reached $31.04, while 200 days put it at $26.59.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 31.91, which if violated will result in even more drops to 31.68. On the upside, there is a resistance level at 32.56. A further resistance level may holdings at 32.97. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.55%. Stochastics %K at 25.75% indicates the stock is a holding.
How much short interest is there in COPT Defense Properties?
A steep rise in short interest was recorded in COPT Defense Properties stocks on 2024-10-15, dropping by 37081.0 shares to a total of 4.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.19 million shares. There was a decline of -0.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
