As published in a research note from Robert W. Baird on January 07, 2020, Piedmont Office Realty Trust Inc [PDM] has been rated up from a Neutral to an Outperform and the price target has been revised to $26. Analysts at Stifel upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of January 09, 2019, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for PDM. Earlier on November 30, 2018, SunTrust upgraded its rating. Their new recommendation was “a Buy” for PDM stock which previously was a “a Hold”.
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Analyzing PDM Stock Performance
During the last five days, there has been a drop of approximately -5.68%. Over the course of the year, Piedmont Office Realty Trust Inc shares have jumped approximately 35.44%. Shares of the company reached a 52-week high of $11.11 on 10/18/24 and a 52-week low of $5.93 on 02/26/24. A 50-day SMA is recorded $10.07, while a 200-day SMA reached $8.01. Nevertheless, trading volume fell to 1.01 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Piedmont Office Realty Trust Inc (PDM)
According to the 24-hour chart, there is a support level at 9.55, which, if violated, would cause prices to drop to 9.47. In the upper region, resistance lies at 9.79. The next price resistance is at 9.95. RSI (Relative Strength Index) is 37.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
