Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SITE Centers Corp shares valued at $115,314 were sold by Sweeney Dawn M. on Dec 17 ’24. At $15.40 per share, Sweeney Dawn M. sold 7,490 shares. The insider’s holdings dropped to 21,592 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Sweeney Dawn M. sold 3,768 shares, netting a total of over 58,555 in proceeds. Following the sale of shares at $15.54 each, the insider now holds 29,082 shares.
Before that, Dawn Sweeney had added 7,490 shares to its account. In a trade valued at $116,020, the Director bought SITE Centers Corp shares for $15.49 each.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, SITE Centers Corp [SITC] has been rated down from an Overweight to a Sector weight. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of January 05, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for SITC. Earlier on September 20, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SITC stock which previously was a “an Equal weight”.
Analyzing SITC Stock Performance
During the last five days, there has been a drop of approximately -3.66%. Over the course of the year, SITE Centers Corp shares have jumped approximately 41.16%. Shares of the company reached a 52-week high of $64.44 on 07/30/24 and a 52-week low of $15.00 on 12/19/24. A 50-day SMA is recorded $16.10, while a 200-day SMA reached $46.19. Nevertheless, trading volume fell to 1.75 million shares from 2.86 million shares the previous day.
Support And Resistance Levels for SITE Centers Corp (SITC)
According to the 24-hour chart, there is a support level at 14.85, which, if violated, would cause prices to drop to 14.69. In the upper region, resistance lies at 15.32. The next price resistance is at 15.63. RSI (Relative Strength Index) is 34.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 98.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
