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. Arbor Realty Trust Inc shares valued at $74,662 were purchased by Green William C on Dec 05 ’24. At $14.17 per share, Green William C acquired 5,269 shares. The insider’s holdings grew to 178,797 shares worth approximately $2.55 million following the completion of this transaction.
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Also, Friedman David Erwin purchased 1,775 shares, netting a total of over 23,229 in proceeds. Following the buying of shares at $13.09 each, the insider now holds 67,511 shares.
Before that, Green William C had added 10,719 shares to its account. In a trade valued at $140,693, the Director bought Arbor Realty Trust Inc shares for $13.13 each. Upon closing the transaction, the insider’s holdings increased to 10,719 shares, worth approximately $2.48 million.
As published in a research note from Wedbush on April 11, 2024, Arbor Realty Trust Inc [ABR] has been rated down from an Outperform to a Neutral and the price target has been revised to $13 from $17. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of July 24, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for ABR. Earlier on June 02, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for ABR stock.
Analyzing ABR Stock Performance
During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Arbor Realty Trust Inc shares have dropped approximately -5.99%. Shares of the company reached a 52-week high of $15.94 on 09/30/24 and a 52-week low of $11.92 on 02/08/24. A 50-day SMA is recorded $14.90, while a 200-day SMA reached $13.89. Nevertheless, trading volume fell to 1.54 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Arbor Realty Trust Inc (ABR)
According to the 24-hour chart, there is a support level at 14.15, which, if violated, would cause prices to drop to 14.02. In the upper region, resistance lies at 14.47. The next price resistance is at 14.66. RSI (Relative Strength Index) is 41.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 73.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
