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The Potential Rise in the Price of Welltower Inc (WELL) following insiders activity

Welltower Inc’s filing revealed that its Director BACON KENNETH J unloaded Company’s shares for reported $0.19 million on Jun 04 ’24. In the deal valued at $103.91 per share,1,800 shares were sold. As a result of this transaction, BACON KENNETH J now holds 14,579 shares worth roughly $2.01 million.

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Exane BNP Paribas initiated its Welltower Inc [WELL] rating to an Outperform in a research note published on March 18, 2024; the price target was $104. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. JP Morgan also remained covering WELL and has increased its forecast on December 18, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on November 28, 2023. It rated WELL as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of WELL

On Friday, Welltower Inc [NYSE:WELL] saw its stock fall -0.80% to $138.18. Over the last five days, the stock has gained 0.22%. Welltower Inc shares have risen nearly 53.24% since the year began. Nevertheless, the stocks have risen 56.67% over the past one year. While a 52-week high of $140.75 was reached on 11/27/24, a 52-week low of $85.40 was recorded on 02/13/24. SMA at 50 days reached $131.94, while 200 days put it at $110.62.

Levels Of Support And Resistance For WELL Stock

The 24-hour chart illustrates a support level at 137.48, which if violated will result in even more drops to 136.77. On the upside, there is a resistance level at 139.59. A further resistance level may holdings at 140.99. The Relative Strength Index (RSI) on the 14-day chart is 58.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.31%. Stochastics %K at 75.66% indicates the stock is a holding.

How much short interest is there in Welltower Inc?

A steep rise in short interest was recorded in Welltower Inc stocks on 2024-11-15, growing by 0.71 million shares to a total of 9.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.59 million shares. There was a rise of 7.6%, which implies that there is a positive sentiment for the stock.

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