Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equity Residential Properties Trust shares valued at $143,000 were sold by Manelis Michael L on Nov 07 ’24. At $71.50 per share, Manelis Michael L sold 2,000 shares. The insider’s holdings dropped to 26,053 shares worth approximately $1.94 million following the completion of this transaction.
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Also, Manelis Michael L purchased 2,000 shares, netting a total of over 143,000 in proceeds.
Before that, Carraway Catherine had sold 1,000 shares from its account. In a trade valued at $74,200, the EVP & CHRO traded Equity Residential Properties Trust shares for $74.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.77 million.
As published in a research note from Stifel on November 13, 2024, Equity Residential Properties Trust [EQR] has been rated up from a Hold to a Buy and the price target has been revised to $81.50 from $77.75. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of September 11, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for EQR. Earlier on September 10, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for EQR stock which previously was a “a Hold”.
Analyzing EQR Stock Performance
During the last five days, there has been a surge of approximately 4.57%. Over the course of the year, Equity Residential Properties Trust shares have jumped approximately 22.04%. Shares of the company reached a 52-week high of $78.83 on 09/16/24 and a 52-week low of $57.33 on 02/13/24. A 50-day SMA is recorded $74.38, while a 200-day SMA reached $67.87. Nevertheless, trading volume fell to 1.38 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Equity Residential Properties Trust (EQR)
According to the 24-hour chart, there is a support level at 74.10, which, if violated, would cause prices to drop to 73.56. In the upper region, resistance lies at 74.98. The next price resistance is at 75.32. RSI (Relative Strength Index) is 55.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 23.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
