Simon Property Group, Inc’s filing revealed that its Director HUBBARD ALLAN B acquired Company’s shares for reported $61901.0 on Sep 30 ’24. In the deal valued at $167.30 per share,370 shares were bought. As a result of this transaction, HUBBARD ALLAN B now holds 34,301 shares worth roughly $6.22 million.
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Then, STEWART MARTA R bought 172 shares, generating $28,776 in total proceeds. Upon buying the shares at $167.30, the Director now owns 14,287 shares.
Before that, LEIBOWITZ REUBEN S bought 453 shares. Simon Property Group, Inc shares valued at $75,787 were divested by the Director at a price of $167.30 per share. As a result of the transaction, LEIBOWITZ REUBEN S now holds 55,454 shares, worth roughly $10.06 million.
Evercore ISI upgraded its Simon Property Group, Inc [SPG] rating to an Outperform from a an In-line in a research note published on September 16, 2024; the price target was increased to $172 from $160. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Hold”. Piper Sandler also remained covering SPG and has decreased its forecast on September 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on December 21, 2023. It rated SPG as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of SPG
On Monday, Simon Property Group, Inc [NYSE:SPG] saw its stock fall -1.21% to $181.37. Over the last five days, the stock has gained 0.13%. Simon Property Group, Inc shares have risen nearly 27.15% since the year began. Nevertheless, the stocks have risen 45.22% over the past one year. While a 52-week high of $186.00 was reached on 11/29/24, a 52-week low of $122.50 was recorded on 02/05/24. SMA at 50 days reached $174.25, while 200 days put it at $157.51.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 180.36, which if violated will result in even more drops to 179.34. On the upside, there is a resistance level at 182.78. A further resistance level may holdings at 184.18. The Relative Strength Index (RSI) on the 14-day chart is 58.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.74%. Stochastics %K at 67.63% indicates the stock is a holding.
How much short interest is there in Simon Property Group, Inc?
A steep rise in short interest was recorded in Simon Property Group, Inc stocks on 2024-11-15, dropping by -0.52 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.7 million shares. There was a decline of -9.98%, which implies that there is a negative sentiment for the stock.
