Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FrontView REIT Inc shares valued at $116,940 were purchased by Preston Stephen on Nov 21 ’24. At $18.41 per share, Preston Stephen acquired 6,352 shares. The insider’s holdings grew to 6,452 shares worth approximately $0.12 million following the completion of this transaction.
Also, Preston Stephen purchased 3,540 shares, netting a total of over 66,340 in proceeds. Following the buying of shares at $18.74 each, the insider now holds 3,640 shares.
Before that, Preston Stephen had sold 3,540 shares from its account. In a trade valued at $66,269, the Chairman, Co-CEO and Co-Pres traded FrontView REIT Inc shares for $18.72 each. Upon closing the transaction, the insider’s holdings decreased to 3,540 shares, worth approximately $1923.9999999999998.
As published in their initiating research note from CapitalOne on November 12, 2024, FrontView REIT Inc [FVR] has been an Overweight and the price target has been revised to $22. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of October 28, 2024, Morgan Stanley has initiated its “an Overweight” rating for FVR. Earlier on October 28, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for FVR stock.
Analyzing FVR Stock Performance
During the last five days, there has been a surge of approximately 4.79%. Over the course of the year, FrontView REIT Inc shares have jumped approximately 2.78%. Nevertheless, trading volume fell to 0.29 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for FrontView REIT Inc (FVR)
According to the 24-hour chart, there is a support level at 18.87, which, if violated, would cause prices to drop to 18.50. In the upper region, resistance lies at 19.44. The next price resistance is at 19.63. RSI (Relative Strength Index) is 57.34 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 10.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
