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SL Green Realty Corp (SLG) receives a Neutral rating from Compass Point

SL Green Realty Corp’s filing revealed that its CHIEF LEGAL OFFICER & GC LEVINE ANDREW S unloaded Company’s shares for reported $3.65 million on Nov 25 ’24. In the deal valued at $79.69 per share,45,785 shares were sold. As a result of this transaction, LEVINE ANDREW S now holds 8,104 shares worth roughly $0.63 million.

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Then, LEVINE ANDREW S bought 45,785 shares, generating $3,668,294 in total proceeds.

Before that, Brown Carol N sold 5,118 shares. SL Green Realty Corp shares valued at $227,086 were divested by the Director at a price of $44.37 per share. As a result of the transaction, Brown Carol N now holds 0 shares, worth roughly $0.0.

Compass Point upgraded its SL Green Realty Corp [SLG] rating to a Neutral from a a Sell in a research note published on September 18, 2024; the price target was increased to $60 from $35. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid September from “an Underperform” to “an In-line”. Citigroup also remained covering SLG and has increased its forecast on September 13, 2024 with a “Neutral” recommendation from previously “Sell” rating. Scotiabank revised its rating on July 09, 2024. It rated SLG as “a Sector perform” which previously was an “a Sector underperform”.

Price Performance Review of SLG

On Tuesday, SL Green Realty Corp [NYSE:SLG] saw its stock fall -0.99% to $78.17. Over the last five days, the stock has gained 0.73%. SL Green Realty Corp shares have risen nearly 73.06% since the year began. Nevertheless, the stocks have risen 127.17% over the past one year. While a 52-week high of $82.81 was reached on 11/11/24, a 52-week low of $32.78 was recorded on 01/18/24. SMA at 50 days reached $74.24, while 200 days put it at $60.40.

Levels Of Support And Resistance For SLG Stock

The 24-hour chart illustrates a support level at 77.23, which if violated will result in even more drops to 76.30. On the upside, there is a resistance level at 79.15. A further resistance level may holdings at 80.14. The Relative Strength Index (RSI) on the 14-day chart is 55.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.17%. Stochastics %K at 53.71% indicates the stock is a holding.

How much short interest is there in SL Green Realty Corp?

A steep rise in short interest was recorded in SL Green Realty Corp stocks on 2024-11-15, dropping by -1.5 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.43 million shares. There was a decline of -21.73%, which implies that there is a negative sentiment for the stock.

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