Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SITE Centers Corp shares valued at $245,433 were purchased by Fennerty Conor on Nov 12 ’24. At $16.14 per share, Fennerty Conor acquired 15,208 shares.
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Also, Fennerty Conor sold 5,850 shares, netting a total of over 354,159 in proceeds. Following the sale of shares at $60.54 each, the insider now holds 41,709 shares.
Before that, Fennerty Conor had added 5,850 shares to its account. In a trade valued at $353,792, the Officer bought SITE Centers Corp shares for $60.48 each.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, SITE Centers Corp [SITC] has been rated down from an Overweight to a Sector weight. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of January 05, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for SITC. Earlier on September 20, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SITC stock which previously was a “an Equal weight”.
Analyzing SITC Stock Performance
During the last five days, there has been a surge of approximately 1.38%. Over the course of the year, SITE Centers Corp shares have jumped approximately 51.59%. Shares of the company reached a 52-week high of $64.44 on 07/30/24 and a 52-week low of $15.43 on 11/18/24. A 50-day SMA is recorded $27.76, while a 200-day SMA reached $50.20. Nevertheless, trading volume fell to 0.73 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for SITE Centers Corp (SITC)
According to the 24-hour chart, there is a support level at 15.95, which, if violated, would cause prices to drop to 15.78. In the upper region, resistance lies at 16.21. The next price resistance is at 16.29. RSI (Relative Strength Index) is 53.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 36.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
