Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. W. P. Carey Inc shares valued at $24,926 were sold by Zander Brian H on Nov 20 ’24. At $56.65 per share, Zander Brian H sold 440 shares. The insider’s holdings dropped to 7,237 shares worth approximately $0.42 million following the completion of this transaction.
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Also, Farrell Peter purchased 1,000 shares, netting a total of over 55,556 in proceeds. Following the buying of shares at $55.56 each, the insider now holds 22,289 shares.
Before that, ALEXANDER MARK A had added 5,000 shares to its account. In a trade valued at $276,430, the Director bought W. P. Carey Inc shares for $55.29 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $2.64 million.
As published in their initiating research note from UBS on May 31, 2024, W. P. Carey Inc [WPC] has been a Neutral and the price target has been revised to $57. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late March. As of February 12, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for WPC. Earlier on November 13, 2023, JMP Securities downgraded its rating. Their new recommendation was “a Mkt perform” for WPC stock which previously was a “a Mkt outperform”.
Analyzing WPC Stock Performance
During the last five days, there has been a surge of approximately 1.63%. Over the course of the year, W. P. Carey Inc shares have dropped approximately -11.26%. Shares of the company reached a 52-week high of $67.40 on 01/12/24 and a 52-week low of $53.09 on 04/16/24. A 50-day SMA is recorded $58.57, while a 200-day SMA reached $57.59. Nevertheless, trading volume fell to 0.89 million shares from 2.14 million shares the previous day.
Support And Resistance Levels for W. P. Carey Inc (WPC)
According to the 24-hour chart, there is a support level at 57.07, which, if violated, would cause prices to drop to 56.64. In the upper region, resistance lies at 58.12. The next price resistance is at 58.74. RSI (Relative Strength Index) is 53.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 21.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
