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. NNN REIT Inc shares valued at $42,510 were sold by Miller Michelle Lynn on Dec 10 ’24. At $42.51 per share, Miller Michelle Lynn sold 1,000 shares. The insider’s holdings dropped to 68,756 shares worth approximately $2.73 million following the completion of this transaction.
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Also, Miller Michelle Lynn purchased 1,000 shares, netting a total of over 42,680 in proceeds.
Before that, Adamo Jonathan had sold 5,000 shares from its account. In a trade valued at $235,500, the EVP, Portfolio Operations traded NNN REIT Inc shares for $47.10 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.83 million.
As published in their initiating research note from Barclays on December 17, 2024, NNN REIT Inc [NNN] has been an Overweight and the price target has been revised to $48. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. As of December 04, 2024, B. Riley Securities has reiterated its “Buy” rating for NNN. Earlier on November 04, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “an Underperform” for NNN stock which previously was a “a Neutral”.
Analyzing NNN Stock Performance
During the last five days, there has been a drop of approximately -6.20%. Over the course of the year, NNN REIT Inc shares have dropped approximately -7.73%. Shares of the company reached a 52-week high of $49.57 on 10/16/24 and a 52-week low of $38.88 on 02/13/24. A 50-day SMA is recorded $44.28, while a 200-day SMA reached $44.02. Nevertheless, trading volume fell to 1.77 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for NNN REIT Inc (NNN)
According to the 24-hour chart, there is a support level at 39.23, which, if violated, would cause prices to drop to 38.69. In the upper region, resistance lies at 40.80. The next price resistance is at 41.83. RSI (Relative Strength Index) is 21.68 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.54, which suggests the price will decrease in the coming days. Percent R is at 98.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
