CareTrust REIT Inc’s filing revealed that its CFO and Treasurer Wagner William M unloaded Company’s shares for reported $1.04 million on Sep 04 ’24. In the deal valued at $29.80 per share,35,000 shares were sold. As a result of this transaction, Wagner William M now holds 257,439 shares worth roughly $7.73 million.
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Then, Wagner William M bought 35,000 shares, generating $1,044,400 in total proceeds.
Wells Fargo upgraded its CareTrust REIT Inc [CTRE] rating to an Overweight from a an Equal weight in a research note published on October 01, 2024; the price target was increased to $34 from $28. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Deutsche Bank began covering CTRE with “Hold” recommendation on January 30, 2024. Jefferies started covering the stock on September 20, 2023. It rated CTRE as “a Buy”.
Price Performance Review of CTRE
On Monday, CareTrust REIT Inc [NYSE:CTRE] saw its stock fall -0.89% to $30.03. Over the last five days, the stock has lost -0.79%. CareTrust REIT Inc shares have risen nearly 34.18% since the year began. Nevertheless, the stocks have risen 30.06% over the past one year. While a 52-week high of $33.15 was reached on 10/30/24, a 52-week low of $20.10 was recorded on 02/05/24. SMA at 50 days reached $30.75, while 200 days put it at $26.87.
Levels Of Support And Resistance For CTRE Stock
The 24-hour chart illustrates a support level at 29.71, which if violated will result in even more drops to 29.38. On the upside, there is a resistance level at 30.53. A further resistance level may holdings at 31.02. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.59%. Stochastics %K at 44.84% indicates the stock is a holding.
How much short interest is there in CareTrust REIT Inc?
A steep rise in short interest was recorded in CareTrust REIT Inc stocks on 2024-10-31, dropping by -1.56 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.13 million shares. There was a decline of -60.55%, which implies that there is a negative sentiment for the stock.
