The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CareTrust REIT Inc shares valued at $1,043,000 were sold by Wagner William M on Sep 04 ’24. At $29.80 per share, Wagner William M sold 35,000 shares. The insider’s holdings dropped to 257,439 shares worth approximately $7.35 million following the completion of this transaction.
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Also, Wagner William M purchased 35,000 shares, netting a total of over 1,044,400 in proceeds.
As published in a research note from BMO Capital Markets on December 09, 2024, CareTrust REIT Inc [CTRE] has been rated down from an Outperform to a Market perform and the price target has been revised to $32 from $34. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of May 29, 2024, Wedbush has initiated its “Neutral” rating for CTRE. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for CTRE stock.
Analyzing CTRE Stock Performance
During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, CareTrust REIT Inc shares have jumped approximately 27.52%. Shares of the company reached a 52-week high of $33.15 on 10/30/24 and a 52-week low of $20.10 on 02/05/24. A 50-day SMA is recorded $30.43, while a 200-day SMA reached $27.22. Nevertheless, trading volume fell to 1.93 million shares from 2.29 million shares the previous day.
Support And Resistance Levels for CareTrust REIT Inc (CTRE)
According to the 24-hour chart, there is a support level at 28.32, which, if violated, would cause prices to drop to 28.09. In the upper region, resistance lies at 28.81. The next price resistance is at 29.08. RSI (Relative Strength Index) is 31.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 93.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
