Gaming and Leisure Properties Inc’s recently made public that its Director Urdang E Scott unloaded Company’s shares for reported $0.15 million on Nov 04 ’24. In the deal valued at $50.39 per share,3,000 shares were sold. As a result of this transaction, Urdang E Scott now holds 146,800 shares worth roughly $7.19 million.
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Then, Urdang E Scott sold 6,885 shares, generating $345,352 in total proceeds. Upon selling the shares at $50.16, the Director now owns 149,800 shares.
Before that, Burke Desiree A. sold 12,973 shares. Gaming and Leisure Properties Inc shares valued at $674,855 were divested by the CFO and Treasurer at a price of $52.02 per share. As a result of the transaction, Burke Desiree A. now holds 108,073 shares, worth roughly $5.29 million.
Barclays initiated its Gaming and Leisure Properties Inc [GLPI] rating to an Equal weight in a research note published on December 17, 2024; the price target was $55. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Deutsche Bank also remained covering GLPI and has increased its forecast on November 20, 2024 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research revised its rating on August 23, 2024. It rated GLPI as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of GLPI
On Tuesday, Gaming and Leisure Properties Inc [NASDAQ:GLPI] saw its stock fall -1.61% to $48.99. Over the last five days, the stock has lost -1.51%. Gaming and Leisure Properties Inc shares have fallen nearly -0.73% since the year began. Nevertheless, the stocks have risen 2.62% over the past one year. While a 52-week high of $52.60 was reached on 09/10/24, a 52-week low of $41.80 was recorded on 04/17/24. SMA at 50 days reached $50.41, while 200 days put it at $47.75.
Levels Of Support And Resistance For GLPI Stock
The 24-hour chart illustrates a support level at 48.70, which if violated will result in even more drops to 48.41. On the upside, there is a resistance level at 49.55. A further resistance level may holdings at 50.11. The Relative Strength Index (RSI) on the 14-day chart is 36.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.39%. Stochastics %K at 14.92% indicates the stock is a buying.
How much short interest is there in Gaming and Leisure Properties Inc?
A steep rise in short interest was recorded in Gaming and Leisure Properties Inc stocks on 2024-11-29, dropping by 18734.0 shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.27 million shares. There was a decline of -0.36%, which implies that there is a negative sentiment for the stock.
