Welltower Inc’s filing revealed that its Director BACON KENNETH J unloaded Company’s shares for reported $0.29 million on Dec 09 ’24. In the deal valued at $130.19 per share,2,200 shares were sold. As a result of this transaction, BACON KENNETH J now holds 12,379 shares worth roughly $1.6 million.
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Then, Kenneth J. Bacon bought 2,200 shares, generating $289,014 in total proceeds.
Before that, BACON KENNETH J sold 1,800 shares. Welltower Inc shares valued at $187,038 were divested by the Director at a price of $103.91 per share. As a result of the transaction, BACON KENNETH J now holds 14,579 shares, worth roughly $1.88 million.
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 Tuesday, Welltower Inc [NYSE:WELL] saw its stock fall -0.14% to $129.27. Over the last five days, the stock has lost -2.69%. Welltower Inc shares have risen nearly 43.36% since the year began. Nevertheless, the stocks have risen 47.37% 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 $132.56, while 200 days put it at $111.97.
Levels Of Support And Resistance For WELL Stock
The 24-hour chart illustrates a support level at 128.38, which if violated will result in even more drops to 127.50. On the upside, there is a resistance level at 130.58. A further resistance level may holdings at 131.90. The Relative Strength Index (RSI) on the 14-day chart is 36.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.15%. Stochastics %K at 5.66% indicates the stock is a buying.
How much short interest is there in Welltower Inc?
A steep rise in short interest was recorded in Welltower Inc stocks on 2024-11-29, growing by 1.02 million shares to a total of 10.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.67 million shares. There was a rise of 9.53%, which implies that there is a positive sentiment for the stock.
