In a filing, Franklin Street Properties Corp revealed its Director Schanzer Bruce J acquired Company’s shares for reported $81654.0 on Dec 13 ’24. In the deal valued at $1.89 per share,43,311 shares were bought. As a result of this transaction, Schanzer Bruce J now holds 3,489,374 shares worth roughly $6.66 million.
Then, Carter Jeffrey B bought 18,500 shares, generating $39,213 in total proceeds. Upon buying the shares at $2.12, the President & CIO now owns 18,500 shares.
Before that, Schanzer Bruce J bought 110,589 shares. Franklin Street Properties Corp shares valued at $207,233 were divested by the Director at a price of $1.87 per share. As a result of the transaction, Schanzer Bruce J now holds 3,405,463 shares, worth roughly $6.5 million.
Robert W. Baird downgraded its Franklin Street Properties Corp [FSP] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early January from “a Market perform” to “an Underperform”. BMO Capital Markets also remained covering FSP and has increased its forecast on November 02, 2018 with a “Market perform” recommendation from previously “an Underperform” rating. B. Riley FBR revised its rating on November 01, 2018. It rated FSP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FSP
On Friday, Franklin Street Properties Corp [AMEX:FSP] saw its stock jump 3.24% to $1.91. Over the last five days, the stock has lost -4.98%. Franklin Street Properties Corp shares have fallen nearly -25.39% since the year began. Nevertheless, the stocks have fallen -24.51% over the past one year. While a 52-week high of $2.72 was reached on 01/08/24, a 52-week low of $1.47 was recorded on 07/10/24. SMA at 50 days reached $1.8520, while 200 days put it at $1.8187.
Levels Of Support And Resistance For FSP Stock
The 24-hour chart illustrates a support level at 1.8533, which if violated will result in even more drops to 1.7967. On the upside, there is a resistance level at 1.9433. A further resistance level may holdings at 1.9767. The Relative Strength Index (RSI) on the 14-day chart is 50.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0190, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 28.15% indicates the stock is a holding.
How much short interest is there in Franklin Street Properties Corp?
A steep rise in short interest was recorded in Franklin Street Properties Corp stocks on 2024-11-29, dropping by -0.14 million shares to a total of 1.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.65 million shares. There was a decline of -9.36%, which implies that there is a negative sentiment for the stock.
