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. Federal Realty Investment Trust shares valued at $2,124,057 were sold by BERKES JEFFREY S on Sep 18 ’24. At $115.73 per share, BERKES JEFFREY S sold 18,353 shares. The insider’s holdings dropped to 53,068 shares worth approximately $6.05 million following the completion of this transaction.
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Also, Jeffrey Berkes purchased 18,353 shares, netting a total of over 2,122,157 in proceeds.
Before that, WOOD DONALD C had sold 30,292 shares from its account. In a trade valued at $3,519,092, the Chief Executive Officer traded Federal Realty Investment Trust shares for $116.17 each. Upon closing the transaction, the insider’s holdings decreased to 30,292 shares, worth approximately $0.76 million.
As published in a research note from Citigroup on September 13, 2024, Federal Realty Investment Trust [FRT] has been rated up from a Neutral to a Buy and the price target has been revised to $135 from $120. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of February 29, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for FRT. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for FRT stock.
Analyzing FRT Stock Performance
During the last five days, there has been a surge of approximately 0.84%. Over the course of the year, Federal Realty Investment Trust shares have jumped approximately 10.69%. Shares of the company reached a 52-week high of $118.34 on 09/16/24 and a 52-week low of $95.97 on 04/16/24. A 50-day SMA is recorded $113.67, while a 200-day SMA reached $106.16. Nevertheless, trading volume fell to 0.6 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Federal Realty Investment Trust (FRT)
According to the 24-hour chart, there is a support level at 113.54, which, if violated, would cause prices to drop to 113.02. In the upper region, resistance lies at 114.85. The next price resistance is at 115.64. RSI (Relative Strength Index) is 53.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.14, which suggests the price will increase in the coming days. Percent R is at 35.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
