Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Franklin Street Properties Corp shares valued at $116,320 were purchased by HANSEN BRIAN N on Mar 04 ’24. At $2.33 per share, HANSEN BRIAN N acquired 50,000 shares. The insider’s holdings grew to 1,191,656 shares worth approximately $2.25 million following the completion of this transaction.
As published in a research note from Robert W. Baird on January 07, 2020, Franklin Street Properties Corp [FSP] has been rated down from an Outperform to a Neutral and the price target has been revised to $10. Analysts at BMO Capital Markets downgraded the stock from ‘”a Market perform”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of November 02, 2018, BMO Capital Markets has increased its “an Underperform” rating to a “Market perform” for FSP. Earlier on November 01, 2018, B. Riley FBR upgraded its rating. Their new recommendation was “a Buy” for FSP stock which previously was a “a Neutral”.
Analyzing FSP Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Franklin Street Properties Corp shares have dropped approximately -26.17%. Shares of the company reached a 52-week high of $2.7200 on 01/08/24 and a 52-week low of $1.4700 on 07/10/24. A 50-day SMA is recorded $1.8098, while a 200-day SMA reached $1.8297. Nevertheless, trading volume fell to 0.81 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Franklin Street Properties Corp (FSP)
According to the 24-hour chart, there is a support level at 1.8367, which, if violated, would cause prices to drop to 1.7833. In the upper region, resistance lies at 1.9767. The next price resistance is at 2.0633. RSI (Relative Strength Index) is 52.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0229, which suggests the price will decrease in the coming days. Percent R is at 48.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
