Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. STAG Industrial Inc shares valued at $1,961,695 were sold by Butcher Benjamin S on Sep 12 ’24. At $39.23 per share, Butcher Benjamin S sold 50,000 shares. The insider’s holdings dropped to 8,758 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Benjamin S. Butcher purchased 50,000 shares, netting a total of over 1,959,500 in proceeds.
Before that, Butcher Benjamin S had sold 34,000 shares from its account. In a trade valued at $1,386,629, the Director traded STAG Industrial Inc shares for $40.78 each. Upon closing the transaction, the insider’s holdings decreased to 34,000 shares, worth approximately $0.32 million.
As published in a research note from Wedbush on July 22, 2024, STAG Industrial Inc [STAG] has been rated up from a Neutral to an Outperform and the price target has been revised to $44 from $38. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of June 04, 2024, Exane BNP Paribas has initiated its “Neutral” rating for STAG. Earlier on March 27, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for STAG stock.
Analyzing STAG Stock Performance
During the last five days, there has been a drop of approximately -3.10%. Over the course of the year, STAG Industrial Inc shares have dropped approximately -8.33%. Shares of the company reached a 52-week high of $41.63 on 07/31/24 and a 52-week low of $34.09 on 05/01/24. A 50-day SMA is recorded $37.94, while a 200-day SMA reached $37.47. Nevertheless, trading volume fell to 1.24 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for STAG Industrial Inc (STAG)
According to the 24-hour chart, there is a support level at 35.71, which, if violated, would cause prices to drop to 35.43. In the upper region, resistance lies at 36.28. The next price resistance is at 36.58. RSI (Relative Strength Index) is 37.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 89.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
