Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NNN REIT Inc shares valued at $42,680 were purchased by Miller Michelle Lynn on Nov 13 ’24. At $42.68 per share, Miller Michelle Lynn acquired 1,000 shares.
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Also, Adamo Jonathan sold 5,000 shares, netting a total of over 235,500 in proceeds. Following the sale of shares at $47.10 each, the insider now holds 71,251 shares.
Before that, Horn Stephen A JR had sold 28,192 shares from its account. In a trade valued at $1,314,311, the President & CEO traded NNN REIT Inc shares for $46.62 each. Upon closing the transaction, the insider’s holdings decreased to 28,192 shares, worth approximately $24.05 million.
As published in a research note from B. Riley Securities on December 04, 2024, NNN REIT Inc [NNN] has been retained to a Buy and the price target has been revised to $46.50. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of November 01, 2024, Colliers Securities has decreased its “Buy” rating to a “Neutral” for NNN. Earlier on May 31, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for NNN stock.
Analyzing NNN Stock Performance
During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, NNN REIT Inc shares have jumped approximately 0.12%. Shares of the company reached a 52-week high of $49.57 on 10/16/24 and a 52-week low of $38.88 on 02/13/24. A 50-day SMA is recorded $45.60, while a 200-day SMA reached $43.98. Nevertheless, trading volume fell to 1.63 million shares from 1.4 million shares the previous day.
Support And Resistance Levels for NNN REIT Inc (NNN)
According to the 24-hour chart, there is a support level at 42.65, which, if violated, would cause prices to drop to 42.15. In the upper region, resistance lies at 43.55. The next price resistance is at 43.95. RSI (Relative Strength Index) is 41.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 53.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
