The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Seritage Growth Properties shares valued at $470,000 were purchased by Yakira Capital Management, Inc on May 21 ’24. At $20.00 per share, Yakira Capital Management, Inc acquired 23,500 shares. The insider’s holdings grew to 309,404 shares worth approximately $1.29 million following the completion of this transaction.
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Also, LAMPERT EDWARD S sold 25,655 shares, netting a total of over 250,288 in proceeds. Following the sale of shares at $9.76 each, the insider now holds 13,484,162 shares.
Before that, LAMPERT EDWARD S had sold 20,694 shares from its account. In a trade valued at $198,681, the 10% Owner traded Seritage Growth Properties shares for $9.60 each. Upon closing the transaction, the insider’s holdings decreased to 20,694 shares, worth approximately $56.5 million.
As published in their initiating research note from Odeon on July 12, 2023, Seritage Growth Properties [SRG] has been a Buy and the price target has been revised to $14.
Analyzing SRG Stock Performance
During the last five days, there has been a surge of approximately 2.96%. Over the course of the year, Seritage Growth Properties shares have dropped approximately -55.29%. Shares of the company reached a 52-week high of $9.87 on 04/09/24 and a 52-week low of $3.63 on 08/14/24. A 50-day SMA is recorded $4.38, while a 200-day SMA reached $6.24. Nevertheless, trading volume fell to 0.52 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Seritage Growth Properties (SRG)
According to the 24-hour chart, there is a support level at 4.06, which, if violated, would cause prices to drop to 3.94. In the upper region, resistance lies at 4.25. The next price resistance is at 4.32. RSI (Relative Strength Index) is 47.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 56.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
