Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Essex Property Trust, Inc shares valued at $2,308,430 were sold by Johnson Amal M on Sep 17 ’24. At $316.31 per share, Johnson Amal M sold 7,298 shares. The insider’s holdings dropped to 2,585 shares worth approximately $0.81 million following the completion of this transaction.
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Also, Kleiman Angela L. sold 8,080 shares, netting a total of over 2,545,982 in proceeds. Following the sale of shares at $315.10 each, the insider now holds 9,494 shares.
Before that, Morrison Anne had sold 2,571 shares from its account. In a trade valued at $809,325, the EVP, CAO & General Counsel traded Essex Property Trust, Inc shares for $314.79 each. Upon closing the transaction, the insider’s holdings decreased to 2,571 shares, worth approximately $0.73 million.
As published in a research note from Raymond James on October 21, 2024, Essex Property Trust, Inc [ESS] has been rated down from an Outperform to a Mkt perform. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of September 11, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for ESS. Earlier on September 04, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for ESS stock.
Analyzing ESS Stock Performance
During the last five days, there has been a surge of approximately 4.08%. Over the course of the year, Essex Property Trust, Inc shares have jumped approximately 26.18%. Shares of the company reached a 52-week high of $317.73 on 09/17/24 and a 52-week low of $223.06 on 02/13/24. A 50-day SMA is recorded $297.02, while a 200-day SMA reached $272.67. Nevertheless, trading volume fell to 0.22 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Essex Property Trust, Inc (ESS)
According to the 24-hour chart, there is a support level at 311.35, which, if violated, would cause prices to drop to 309.87. In the upper region, resistance lies at 314.49. The next price resistance is at 316.14. RSI (Relative Strength Index) is 64.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.85, which suggests the price will increase in the coming days. Percent R is at 10.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
