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Raymond James Upgrades CTO Realty Growth Inc (CTO) to a Strong buy from an Outperform

In a filing, CTO Realty Growth Inc revealed its Officer Albright John P acquired Company’s shares for reported $0.61 million on Nov 11 ’24. In the deal valued at $20.65 per share,29,488 shares were bought.

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Then, Albright John P sold 29,488 shares, generating $610,579 in total proceeds. Upon selling the shares at $20.71, the PRESIDENT & CEO now owns 570,554 shares.

Before that, Haga Christopher W sold 3,000 shares. CTO Realty Growth Inc shares valued at $58,361 were divested by the Director at a price of $19.45 per share. As a result of the transaction, Haga Christopher W now holds 0 shares, worth roughly $0.0.

Raymond James upgraded its CTO Realty Growth Inc [CTO] rating to a Strong buy from a an Outperform in a research note published on October 30, 2024; the price target was increased to $24 from $22. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Raymond James began covering CTO with “an Outperform” recommendation on June 17, 2022. BTIG Research started covering the stock on May 28, 2021. It rated CTO as “a Buy”.

Price Performance Review of CTO

On Monday, CTO Realty Growth Inc [NYSE:CTO] saw its stock jump 0.25% to $19.86. Over the last five days, the stock has gained 1.85%. CTO Realty Growth Inc shares have risen nearly 14.60% since the year began. Nevertheless, the stocks have risen 18.92% over the past one year. While a 52-week high of $21.15 was reached on 09/10/24, a 52-week low of $16.16 was recorded on 02/14/24. SMA at 50 days reached $19.39, while 200 days put it at $18.20.

Levels Of Support And Resistance For CTO Stock

The 24-hour chart illustrates a support level at 19.71, which if violated will result in even more drops to 19.56. On the upside, there is a resistance level at 20.03. A further resistance level may holdings at 20.19. The Relative Strength Index (RSI) on the 14-day chart is 54.64, 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 68.71%. Stochastics %K at 27.04% indicates the stock is a holding.

How much short interest is there in CTO Realty Growth Inc?

A steep rise in short interest was recorded in CTO Realty Growth Inc stocks on 2024-10-31, dropping by 23432.0 shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.25 million shares. There was a decline of -1.91%, which implies that there is a negative sentiment for the stock.

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