Sun Communities, Inc’s recent filing unveils that its CEO – Safe Harbor Marinas, LLC Underwood Baxter unloaded Company’s shares for reported $0.39 million on Aug 05 ’24. In the deal valued at $131.43 per share,3,000 shares were sold. As a result of this transaction, Underwood Baxter now holds 63,462 shares worth roughly $7.8 million.
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Then, Leupold Craig sold 2,500 shares, generating $320,986 in total proceeds. Upon selling the shares at $128.39, the Director now owns 0 shares.
Before that, Underwood Baxter sold 4,000 shares. Sun Communities, Inc shares valued at $525,920 were divested by the CEO – Safe Harbor Marinas, LLC at a price of $131.48 per share. As a result of the transaction, Underwood Baxter now holds 66,852 shares, worth roughly $8.21 million.
UBS downgraded its Sun Communities, Inc [SUI] rating to a Neutral from a a Buy in a research note published on November 14, 2024; the price target was decreased to $134 from $155. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid November from “a Neutral” to “an Underperform”. Robert W. Baird also remained covering SUI and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Jefferies started covering the stock on October 17, 2024. It rated SUI as “a Buy”.
Price Performance Review of SUI
On Tuesday, Sun Communities, Inc [NYSE:SUI] saw its stock fall -1.37% to $122.84. Over the last five days, the stock has lost -3.31%. Sun Communities, Inc shares have fallen nearly -8.09% since the year began. Nevertheless, the stocks have fallen -3.76% over the past one year. While a 52-week high of $147.83 was reached on 09/13/24, a 52-week low of $110.98 was recorded on 04/30/24. SMA at 50 days reached $129.47, while 200 days put it at $126.93.
Levels Of Support And Resistance For SUI Stock
The 24-hour chart illustrates a support level at 121.16, which if violated will result in even more drops to 119.49. On the upside, there is a resistance level at 125.14. A further resistance level may holdings at 127.44. The Relative Strength Index (RSI) on the 14-day chart is 37.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.64%. Stochastics %K at 14.80% indicates the stock is a buying.
How much short interest is there in Sun Communities, Inc?
A steep rise in short interest was recorded in Sun Communities, Inc stocks on 2024-11-29, growing by 0.43 million shares to a total of 1.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.38 million shares. There was a rise of 23.55%, which implies that there is a positive sentiment for the stock.
