Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equity Lifestyle Properties Inc shares valued at $4,276,930 were purchased by Seavey Paul on Nov 12 ’24. At $71.30 per share, Seavey Paul acquired 59,985 shares.
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Also, Seavey Paul sold 31,988 shares, netting a total of over 2,393,662 in proceeds. Following the sale of shares at $74.83 each, the insider now holds 0 shares.
Before that, NADER MARGUERITE M had sold 33,000 shares from its account. In a trade valued at $2,492,160, the President and CEO traded Equity Lifestyle Properties Inc shares for $75.52 each. Upon closing the transaction, the insider’s holdings decreased to 33,000 shares, worth approximately $18.9 million.
As published in their initiating research note from Jefferies on October 17, 2024, Equity Lifestyle Properties Inc [ELS] has been a Hold and the price target has been revised to $72. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid September. As of February 09, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for ELS. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for ELS stock.
Analyzing ELS Stock Performance
During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, Equity Lifestyle Properties Inc shares have jumped approximately 2.71%. Shares of the company reached a 52-week high of $76.60 on 09/16/24 and a 52-week low of $59.82 on 04/30/24. A 50-day SMA is recorded $70.88, while a 200-day SMA reached $66.90. Nevertheless, trading volume fell to 1.2 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Equity Lifestyle Properties Inc (ELS)
According to the 24-hour chart, there is a support level at 71.89, which, if violated, would cause prices to drop to 71.33. In the upper region, resistance lies at 73.34. The next price resistance is at 74.23. RSI (Relative Strength Index) is 60.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 19.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
