Sun Communities, Inc’s recent filing unveils 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 $7.88 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 $8.3 million.
BofA Securities downgraded its Sun Communities, Inc [SUI] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Jefferies began covering SUI with “Buy” recommendation on October 17, 2024. Evercore ISI revised its rating on September 16, 2024. It rated SUI as “an In-line” which previously was an “an Outperform”.
Price Performance Review of SUI
On Tuesday, Sun Communities, Inc [NYSE:SUI] saw its stock fall -2.32% to $124.17. Over the last five days, the stock has lost -6.79%. Sun Communities, Inc shares have fallen nearly -7.09% since the year began. Nevertheless, the stocks have risen 8.24% 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 $134.94, while 200 days put it at $127.04.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 123.26, which if violated will result in even more drops to 122.34. On the upside, there is a resistance level at 125.35. A further resistance level may holdings at 126.52. The Relative Strength Index (RSI) on the 14-day chart is 37.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.94%. Stochastics %K at 30.42% 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 2024-10-31, dropping by -0.19 million shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.57 million shares. There was a decline of -13.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $129 price target.
