Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gladstone Commercial Corp shares valued at $3,008 were purchased by Gerson Gary on Nov 08 ’24. At $17.19 per share, Gerson Gary acquired 175 shares. The insider’s holdings grew to 14,725 shares worth approximately $0.26 million following the completion of this transaction.
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Also, Gerson Gary purchased 650 shares, netting a total of over 9,496 in proceeds. Following the buying of shares at $14.61 each, the insider now holds 14,550 shares.
As published in their initiating research note from Alliance Global Partners on March 18, 2024, Gladstone Commercial Corp [GOOD] has been a Buy and the price target has been revised to $15.50. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of June 03, 2021, Colliers Securities has initiated its “Buy” rating for GOOD. Earlier on April 13, 2021, Aegis Capital initiated its rating. Their recommendation was “a Buy” for GOOD stock.
Analyzing GOOD Stock Performance
During the last five days, there has been a surge of approximately 5.12%. Over the course of the year, Gladstone Commercial Corp shares have jumped approximately 33.38%. Shares of the company reached a 52-week high of $17.88 on 11/27/24 and a 52-week low of $11.89 on 02/28/24. A 50-day SMA is recorded $16.43, while a 200-day SMA reached $14.66. Nevertheless, trading volume fell to 0.24 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Gladstone Commercial Corp (GOOD)
According to the 24-hour chart, there is a support level at 17.56, which, if violated, would cause prices to drop to 17.46. In the upper region, resistance lies at 17.82. The next price resistance is at 17.97. RSI (Relative Strength Index) is 67.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 16.10%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
