Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Whitestone REIT shares valued at $64,950 were purchased by Buthman Julia Bruns on Sep 04 ’24. At $12.99 per share, Buthman Julia Bruns acquired 5,000 shares. The insider’s holdings grew to 8,093 shares worth approximately $0.12 million following the completion of this transaction.
Also, Feng Amy Shih-Hua purchased 17,000 shares, netting a total of over 222,530 in proceeds. Following the buying of shares at $13.09 each, the insider now holds 40,566 shares.
Before that, Feng Amy Shih-Hua had added 6,100 shares to its account. In a trade valued at $79,727, the Director bought Whitestone REIT shares for $13.07 each. Upon closing the transaction, the insider’s holdings increased to 6,100 shares, worth approximately $0.35 million.
As published in their initiating research note from Alliance Global Partners on March 18, 2024, Whitestone REIT [WSR] has been a Buy and the price target has been revised to $15. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of August 30, 2022, Truist has initiated its “Hold” rating for WSR. Earlier on July 07, 2022, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for WSR stock which previously was a “a Mkt perform”.
Analyzing WSR Stock Performance
During the last five days, there has been a surge of approximately 3.12%. Over the course of the year, Whitestone REIT shares have jumped approximately 21.07%. Shares of the company reached a 52-week high of $15.01 on 11/27/24 and a 52-week low of $10.77 on 04/15/24. A 50-day SMA is recorded $14.06, while a 200-day SMA reached $13.04. Nevertheless, trading volume fell to 0.24 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Whitestone REIT (WSR)
According to the 24-hour chart, there is a support level at 14.83, which, if violated, would cause prices to drop to 14.78. In the upper region, resistance lies at 14.97. The next price resistance is at 15.06. RSI (Relative Strength Index) is 64.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 15.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
