NNN REIT Inc’s recent filing unveils that its Director Miller Michelle Lynn acquired Company’s shares for reported $42680.0 on Nov 13 ’24. In the deal valued at $42.68 per share,1,000 shares were bought.
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Then, Adamo Jonathan sold 5,000 shares, generating $235,500 in total proceeds. Upon selling the shares at $47.10, the EVP, Portfolio Operations now owns 71,251 shares.
Before that, Horn Stephen A JR sold 28,192 shares. NNN REIT Inc shares valued at $1,314,311 were divested by the President & CEO at a price of $46.62 per share. As a result of the transaction, Horn Stephen A JR now holds 557,451 shares, worth roughly $23.91 million.
Exane BNP Paribas downgraded its NNN REIT Inc [NNN] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Colliers Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. UBS began covering NNN with “Neutral” recommendation on May 31, 2024. Exane BNP Paribas revised its rating on May 02, 2024. It rated NNN as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of NNN
On Monday, NNN REIT Inc [NYSE:NNN] saw its stock jump 1.64% to $42.89. Over the last five days, the stock has lost -0.12%. NNN REIT Inc shares have fallen nearly -0.49% since the year began. Nevertheless, the stocks have risen 9.92% over the past one year. While a 52-week high of $49.57 was reached on 10/16/24, a 52-week low of $38.49 was recorded on 02/13/24. SMA at 50 days reached $46.62, while 200 days put it at $43.78.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 42.19, which if violated will result in even more drops to 41.49. On the upside, there is a resistance level at 43.31. A further resistance level may holdings at 43.74. The Relative Strength Index (RSI) on the 14-day chart is 37.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.95%. Stochastics %K at 21.83% indicates the stock is a holding.
How much short interest is there in NNN REIT Inc?
A steep rise in short interest was recorded in NNN REIT Inc stocks on 2024-10-31, growing by 1.31 million shares to a total of 5.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.88 million shares. There was a rise of 25.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 21, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $40 price target.
