Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sabra Healthcare REIT Inc shares valued at $101,010 were purchased by Cusack Catherine on May 22 ’24. At $14.43 per share, Cusack Catherine acquired 7,000 shares. The insider’s holdings grew to 46,385 shares worth approximately $0.85 million following the completion of this transaction.
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Also, FOSTER MICHAEL J sold 10,000 shares, netting a total of over 146,830 in proceeds. Following the sale of shares at $14.68 each, the insider now holds 63,923 shares.
As published in a research note from Wells Fargo on October 01, 2024, Sabra Healthcare REIT Inc [SBRA] has been rated up from an Equal weight to an Overweight and the price target has been revised to $20 from $16. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of January 30, 2024, Deutsche Bank has initiated its “Buy” rating for SBRA. Earlier on October 17, 2023, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for SBRA stock which previously was a “an Outperform”.
Analyzing SBRA Stock Performance
During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Sabra Healthcare REIT Inc shares have jumped approximately 28.59%. Shares of the company reached a 52-week high of $20.03 on 11/12/24 and a 52-week low of $12.83 on 02/05/24. A 50-day SMA is recorded $18.64, while a 200-day SMA reached $15.89. Nevertheless, trading volume fell to 1.11 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Sabra Healthcare REIT Inc (SBRA)
According to the 24-hour chart, there is a support level at 18.20, which, if violated, would cause prices to drop to 18.05. In the upper region, resistance lies at 18.46. The next price resistance is at 18.57. RSI (Relative Strength Index) is 45.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 81.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
