Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. COPT Defense Properties shares valued at $288,145 were sold by BUDORICK STEPHEN E on Nov 07 ’24. At $32.54 per share, BUDORICK STEPHEN E sold 8,854 shares. The insider’s holdings dropped to 153,882 shares worth approximately $4.72 million following the completion of this transaction.
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Also, BUDORICK STEPHEN E sold 9,000 shares, netting a total of over 293,724 in proceeds. Following the sale of shares at $32.64 each, the insider now holds 162,736 shares.
Before that, BUDORICK STEPHEN E had sold 9,000 shares from its account. In a trade valued at $291,645, the PRESIDENT/CEO traded COPT Defense Properties shares for $32.41 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $5.27 million.
As published in a research note from Citigroup on March 22, 2024, COPT Defense Properties [CDP] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $29. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 12, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CDP. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CDP stock which previously was a “an Overweight”.
Analyzing CDP Stock Performance
During the last five days, there has been a drop of approximately -1.29%. Over the course of the year, COPT Defense Properties shares have jumped approximately 19.74%. Shares of the company reached a 52-week high of $34.22 on 11/06/24 and a 52-week low of $22.20 on 04/18/24. A 50-day SMA is recorded $31.27, while a 200-day SMA reached $26.87. Nevertheless, trading volume fell to 1.22 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for COPT Defense Properties (CDP)
According to the 24-hour chart, there is a support level at 30.26, which, if violated, would cause prices to drop to 29.82. In the upper region, resistance lies at 30.91. The next price resistance is at 31.13. RSI (Relative Strength Index) is 42.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.13, which suggests the price will decrease in the coming days. Percent R is at 72.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
