In a filing, Gaming and Leisure Properties Inc revealed its Director Urdang E Scott unloaded Company’s shares for reported $0.15 million on Nov 04 ’24. In the deal valued at $50.39 per share,3,000 shares were sold. As a result of this transaction, Urdang E Scott now holds 146,800 shares worth roughly $7.4 million.
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Then, Urdang E Scott sold 6,885 shares, generating $345,352 in total proceeds. Upon selling the shares at $50.16, the Director now owns 149,800 shares.
Before that, Burke Desiree A. sold 12,973 shares. Gaming and Leisure Properties Inc shares valued at $674,855 were divested by the CFO and Treasurer at a price of $52.02 per share. As a result of the transaction, Burke Desiree A. now holds 108,073 shares, worth roughly $5.45 million.
Deutsche Bank upgraded its Gaming and Leisure Properties Inc [GLPI] rating to a Buy from a a Hold in a research note published on November 20, 2024; the price target was increased to $54 from $49. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late August from “a Peer perform” to “an Outperform”. JP Morgan also remained covering GLPI and has decreased its forecast on December 14, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Mizuho revised its rating on December 11, 2023. It rated GLPI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GLPI
On Friday, Gaming and Leisure Properties Inc [NASDAQ:GLPI] saw its stock fall -2.12% to $50.43. Over the last five days, the stock has lost -2.29%. Gaming and Leisure Properties Inc shares have risen nearly 2.19% since the year began. Nevertheless, the stocks have risen 6.84% over the past one year. While a 52-week high of $52.60 was reached on 09/10/24, a 52-week low of $41.80 was recorded on 04/17/24. SMA at 50 days reached $50.60, while 200 days put it at $47.60.
Levels Of Support And Resistance For GLPI Stock
The 24-hour chart illustrates a support level at 50.04, which if violated will result in even more drops to 49.65. On the upside, there is a resistance level at 50.96. A further resistance level may holdings at 51.49. The Relative Strength Index (RSI) on the 14-day chart is 47.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.49%. Stochastics %K at 67.67% indicates the stock is a holding.
How much short interest is there in Gaming and Leisure Properties Inc?
A steep rise in short interest was recorded in Gaming and Leisure Properties Inc stocks on 2024-11-15, growing by 0.4 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.72 million shares. There was a rise of 7.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $51 price target.
