Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wheeler Real Estate Investment Trust Inc shares valued at $144,784 were purchased by Ursa Fund Management, LLC on Nov 22 ’24. At $25.25 per share, Ursa Fund Management, LLC acquired 5,733 shares. The insider’s holdings grew to 174,471 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Ursa Fund Management, LLC purchased 3,110 shares, netting a total of over 77,798 in proceeds. Following the buying of shares at $25.02 each, the insider now holds 175,771 shares.
Before that, Ursa Fund Management, LLC had added 11,569 shares to its account. In a trade valued at $295,859, the 10% Owner bought Wheeler Real Estate Investment Trust Inc shares for $25.57 each. Upon closing the transaction, the insider’s holdings increased to 11,569 shares, worth approximately $1.4 million.
As published in a research note from B. Riley FBR Inc. on February 20, 2018, Wheeler Real Estate Investment Trust Inc [WHLR] has been retained to a Buy and the price target has been revised to $9. Analysts at B. Riley FBR Inc. resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of November 03, 2017, Compass Point has decreased its “Buy” rating to a “Neutral” for WHLR.
Analyzing WHLR Stock Performance
During the last five days, there has been a drop of approximately -8.88%. Over the course of the year, Wheeler Real Estate Investment Trust Inc shares have dropped approximately -96.26%. Shares of the company reached a 52-week high of $237.60 on 01/02/24 and a 52-week low of $5.79 on 09/03/24. A 50-day SMA is recorded $18.63, while a 200-day SMA reached $63.23. Nevertheless, trading volume fell to 0.21 million shares from 0.14 million shares the previous day.
Support And Resistance Levels for Wheeler Real Estate Investment Trust Inc (WHLR)
According to the 24-hour chart, there is a support level at 7.60, which, if violated, would cause prices to drop to 6.99. In the upper region, resistance lies at 9.27. The next price resistance is at 10.34. RSI (Relative Strength Index) is 29.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.93, which suggests the price will decrease in the coming days. Percent R is at 92.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
