In a filing, SL Green Realty Corp revealed its CHIEF LEGAL OFFICER & GC LEVINE ANDREW S unloaded Company’s shares for reported $3.65 million on Nov 25 ’24. In the deal valued at $79.69 per share,45,785 shares were sold. As a result of this transaction, LEVINE ANDREW S now holds 8,104 shares worth roughly $0.61 million.
Then, LEVINE ANDREW S bought 45,785 shares, generating $3,668,294 in total proceeds.
Before that, Brown Carol N sold 5,118 shares. SL Green Realty Corp shares valued at $227,086 were divested by the Director at a price of $44.37 per share. As a result of the transaction, Brown Carol N now holds 0 shares, worth roughly $0.0.
JP Morgan upgraded its SL Green Realty Corp [SLG] rating to a Neutral from a an Underweight in a research note published on December 10, 2024; the price target was increased to $80 from $51. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in mid September from “a Sell” to “a Neutral”. Evercore ISI also remained covering SLG and has increased its forecast on September 16, 2024 with a “an In-line” recommendation from previously “an Underperform” rating. Citigroup revised its rating on September 13, 2024. It rated SLG as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SLG
On Monday, SL Green Realty Corp [NYSE:SLG] saw its stock jump 0.95% to $75.34. Over the last five days, the stock has lost -1.44%. SL Green Realty Corp shares have risen nearly 66.79% since the year began. Nevertheless, the stocks have risen 56.96% over the past one year. While a 52-week high of $82.81 was reached on 11/11/24, a 52-week low of $41.81 was recorded on 01/18/24. SMA at 50 days reached $75.53, while 200 days put it at $62.28.
Levels Of Support And Resistance For SLG Stock
The 24-hour chart illustrates a support level at 73.94, which if violated will result in even more drops to 72.55. On the upside, there is a resistance level at 76.61. A further resistance level may holdings at 77.89. The Relative Strength Index (RSI) on the 14-day chart is 49.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.91%. Stochastics %K at 22.81% indicates the stock is a holding.
How much short interest is there in SL Green Realty Corp?
A steep rise in short interest was recorded in SL Green Realty Corp stocks on 2024-11-29, dropping by -0.55 million shares to a total of 7.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.82 million shares. There was a decline of -7.59%, which implies that there is a negative sentiment for the stock.
