Simon Property Group, Inc’s recent filing unveils that its Director HUBBARD ALLAN B acquired Company’s shares for reported $61901.0 on Sep 30 ’24. In the deal valued at $167.30 per share,370 shares were bought. As a result of this transaction, HUBBARD ALLAN B now holds 34,301 shares worth roughly $5.89 million.
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Then, STEWART MARTA R bought 172 shares, generating $28,776 in total proceeds. Upon buying the shares at $167.30, the Director now owns 14,287 shares.
Before that, LEIBOWITZ REUBEN S bought 453 shares. Simon Property Group, Inc shares valued at $75,787 were divested by the Director at a price of $167.30 per share. As a result of the transaction, LEIBOWITZ REUBEN S now holds 55,454 shares, worth roughly $9.52 million.
Deutsche Bank initiated its Simon Property Group, Inc [SPG] rating to a Hold in a research note published on December 17, 2024; the price target was $195. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid September from “an In-line” to “an Outperform”. Stifel also remained covering SPG and has decreased its forecast on September 12, 2024 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler revised its rating on September 03, 2024. It rated SPG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SPG
On Friday, Simon Property Group, Inc [NYSE:SPG] saw its stock jump 1.39% to $171.61. Over the last five days, the stock has lost -4.45%. Simon Property Group, Inc shares have risen nearly 20.31% since the year began. Nevertheless, the stocks have risen 19.08% over the past one year. While a 52-week high of $186.00 was reached on 11/29/24, a 52-week low of $135.15 was recorded on 02/05/24. SMA at 50 days reached $177.02, while 200 days put it at $159.48.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 169.91, which if violated will result in even more drops to 168.22. On the upside, there is a resistance level at 173.72. A further resistance level may holdings at 175.84. The Relative Strength Index (RSI) on the 14-day chart is 39.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.63%. Stochastics %K at 6.60% indicates the stock is a buying.
How much short interest is there in Simon Property Group, Inc?
A steep rise in short interest was recorded in Simon Property Group, Inc stocks on 2024-11-29, dropping by -0.3 million shares to a total of 4.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.19 million shares. There was a decline of -6.13%, which implies that there is a negative sentiment for the stock.
