Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Regency Centers Corporation shares valued at $299,030 were purchased by ROTH ALAN TODD on Aug 14 ’24. At $70.36 per share, ROTH ALAN TODD acquired 4,250 shares.
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Also, HERMAN MICHAEL R purchased 1,000 shares, netting a total of over 69,569 in proceeds.
Before that, HERMAN MICHAEL R had sold 1,000 shares from its account. In a trade valued at $69,569, the Senior VP and General Counsel traded Regency Centers Corporation shares for $69.57 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.97 million.
As published in their initiating research note from KeyBanc Capital Markets on October 25, 2024, Regency Centers Corporation [REG] has been an Overweight and the price target has been revised to $80. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September. As of September 16, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for REG. Earlier on July 09, 2024, Mizuho upgraded its rating. Their new recommendation was “an Outperform” for REG stock which previously was a “a Neutral”.
Analyzing REG Stock Performance
During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, Regency Centers Corporation shares have jumped approximately 11.13%. Shares of the company reached a 52-week high of $75.26 on 09/12/24 and a 52-week low of $56.51 on 04/16/24. A 50-day SMA is recorded $72.37, while a 200-day SMA reached $65.38. Nevertheless, trading volume fell to 0.76 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Regency Centers Corporation (REG)
According to the 24-hour chart, there is a support level at 74.30, which, if violated, would cause prices to drop to 74.14. In the upper region, resistance lies at 74.73. The next price resistance is at 75.00. RSI (Relative Strength Index) is 62.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 11.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
