Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CBL& Associates Properties, Inc shares valued at $96,144 were sold by Jaenicke Benjamin W on Sep 11 ’24. At $25.42 per share, Jaenicke Benjamin W sold 3,782 shares. The insider’s holdings dropped to 49,423 shares worth approximately $1.54 million following the completion of this transaction.
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Also, Jaenicke Benjamin W purchased 3,782 shares, netting a total of over 99,088 in proceeds.
Before that, LEBOVITZ MICHAEL I had sold 29,045 shares from its account. In a trade valued at $752,547, the President traded CBL& Associates Properties, Inc shares for $25.91 each. Upon closing the transaction, the insider’s holdings decreased to 29,045 shares, worth approximately $1.8 million.
Analyzing CBL Stock Performance
During the last five days, there has been a surge of approximately 8.62%. Over the course of the year, CBL& Associates Properties, Inc shares have jumped approximately 27.97%. Shares of the company reached a 52-week high of $31.71 on 11/26/24 and a 52-week low of $20.97 on 04/18/24. A 50-day SMA is recorded $26.84, while a 200-day SMA reached $24.36. Nevertheless, trading volume fell to 0.16 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for CBL& Associates Properties, Inc (CBL)
According to the 24-hour chart, there is a support level at 30.86, which, if violated, would cause prices to drop to 30.47. In the upper region, resistance lies at 31.61. The next price resistance is at 31.97. RSI (Relative Strength Index) is 83.67 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.24, which suggests the price will increase in the coming days. Percent R is at 9.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
