CareTrust REIT Inc’s recent filing unveils that its CFO and Treasurer Wagner William M unloaded Company’s shares for reported $1.04 million on Sep 04 ’24. In the deal valued at $29.80 per share,35,000 shares were sold. As a result of this transaction, Wagner William M now holds 257,439 shares worth roughly $7.01 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Wagner William M bought 35,000 shares, generating $1,044,400 in total proceeds.
BMO Capital Markets downgraded its CareTrust REIT Inc [CTRE] rating to a Market perform from a an Outperform in a research note published on December 09, 2024; the price target was decreased to $32 from $34. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early October from “an Equal weight” to “an Overweight”. Wedbush began covering CTRE with “Neutral” recommendation on May 29, 2024. Deutsche Bank started covering the stock on January 30, 2024. It rated CTRE as “a Hold”.
Price Performance Review of CTRE
On Monday, CareTrust REIT Inc [NYSE:CTRE] saw its stock fall -0.51% to $27.22. Over the last five days, the stock has lost -4.92%. CareTrust REIT Inc shares have risen nearly 21.63% since the year began. Nevertheless, the stocks have risen 19.70% over the past one year. While a 52-week high of $33.15 was reached on 10/30/24, a 52-week low of $20.10 was recorded on 02/05/24. SMA at 50 days reached $30.05, while 200 days put it at $27.42.
Levels Of Support And Resistance For CTRE Stock
The 24-hour chart illustrates a support level at 26.99, which if violated will result in even more drops to 26.76. On the upside, there is a resistance level at 27.49. A further resistance level may holdings at 27.76. The Relative Strength Index (RSI) on the 14-day chart is 25.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.57%. Stochastics %K at 22.45% indicates the stock is a holding.
How much short interest is there in CareTrust REIT Inc?
A steep rise in short interest was recorded in CareTrust REIT Inc stocks on 2024-11-29, growing by 0.95 million shares to a total of 3.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.57 million shares. There was a rise of 26.9%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 20, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.
