In a filing, Sabra Healthcare REIT Inc revealed its Director Cusack Catherine acquired Company’s shares for reported $0.1 million on May 22 ’24. In the deal valued at $14.43 per share,7,000 shares were bought. As a result of this transaction, Cusack Catherine now holds 46,385 shares worth roughly $0.84 million.
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Then, FOSTER MICHAEL J sold 10,000 shares, generating $146,830 in total proceeds. Upon selling the shares at $14.68, the Director now owns 63,923 shares.
Wells Fargo upgraded its Sabra Healthcare REIT Inc [SBRA] rating to an Overweight from a an Equal weight in a research note published on October 01, 2024; the price target was increased to $20 from $16. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Deutsche Bank began covering SBRA with “Buy” recommendation on January 30, 2024. BMO Capital Markets revised its rating on October 17, 2023. It rated SBRA as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SBRA
On Monday, Sabra Healthcare REIT Inc [NASDAQ:SBRA] saw its stock fall -0.39% to $18.11. Over the last five days, the stock has lost -7.93%. Sabra Healthcare REIT Inc shares have risen nearly 26.91% since the year began. Nevertheless, the stocks have risen 27.36% over the past one year. While a 52-week high of $20.03 was reached on 11/12/24, a 52-week low of $12.83 was recorded on 02/05/24. SMA at 50 days reached $18.61, while 200 days put it at $15.81.
Levels Of Support And Resistance For SBRA Stock
The 24-hour chart illustrates a support level at 18.03, which if violated will result in even more drops to 17.95. On the upside, there is a resistance level at 18.23. A further resistance level may holdings at 18.35. The Relative Strength Index (RSI) on the 14-day chart is 41.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.66%. Stochastics %K at 6.70% indicates the stock is a buying.
How much short interest is there in Sabra Healthcare REIT Inc?
A steep rise in short interest was recorded in Sabra Healthcare REIT Inc stocks on 2024-10-31, dropping by -0.86 million shares to a total of 18.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.9 million shares. There was a decline of -4.78%, which implies that there is a negative sentiment for the stock.
