NNN REIT Inc’s recently made public that its Director Miller Michelle Lynn acquired Company’s shares for reported $42680.0 on Nov 13 ’24. In the deal valued at $42.68 per share,1,000 shares were bought.
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Then, Adamo Jonathan sold 5,000 shares, generating $235,500 in total proceeds. Upon selling the shares at $47.10, the EVP, Portfolio Operations now owns 71,251 shares.
Before that, Horn Stephen A JR sold 28,192 shares. NNN REIT Inc shares valued at $1,314,311 were divested by the President & CEO at a price of $46.62 per share. As a result of the transaction, Horn Stephen A JR now holds 557,451 shares, worth roughly $23.69 million.
B. Riley Securities reiterated its NNN REIT Inc [NNN] rating to a Buy in a research note published on December 04, 2024; the price target was $46.50. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Colliers Securities also remained covering NNN and has decreased its forecast on November 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS started covering the stock on May 31, 2024. It rated NNN as “a Neutral”.
Price Performance Review of NNN
On Friday, NNN REIT Inc [NYSE:NNN] saw its stock fall -0.91% to $42.50. Over the last five days, the stock has lost -3.37%. NNN REIT Inc shares have fallen nearly -1.39% since the year began. Nevertheless, the stocks have risen 2.93% over the past one year. While a 52-week high of $49.57 was reached on 10/16/24, a 52-week low of $38.88 was recorded on 02/13/24. SMA at 50 days reached $45.39, while 200 days put it at $43.99.
Levels Of Support And Resistance For NNN Stock
The 24-hour chart illustrates a support level at 42.23, which if violated will result in even more drops to 41.95. On the upside, there is a resistance level at 42.89. A further resistance level may holdings at 43.27. The Relative Strength Index (RSI) on the 14-day chart is 36.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.66%. Stochastics %K at 34.53% indicates the stock is a holding.
How much short interest is there in NNN REIT Inc?
A steep rise in short interest was recorded in NNN REIT Inc stocks on 2024-11-15, dropping by -0.31 million shares to a total of 3.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.02 million shares. There was a decline of -8.31%, which implies that there is a negative sentiment for the stock.
