In a filing, STAG Industrial Inc revealed its Director Butcher Benjamin S unloaded Company’s shares for reported $1.96 million on Sep 12 ’24. In the deal valued at $39.23 per share,50,000 shares were sold. As a result of this transaction, Butcher Benjamin S now holds 8,758 shares worth roughly $0.3 million.
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Then, Benjamin S. Butcher bought 50,000 shares, generating $1,959,500 in total proceeds.
Before that, Butcher Benjamin S sold 34,000 shares. STAG Industrial Inc shares valued at $1,386,629 were divested by the Director at a price of $40.78 per share. As a result of the transaction, Butcher Benjamin S now holds 8,758 shares, worth roughly $0.3 million.
Wedbush upgraded its STAG Industrial Inc [STAG] rating to an Outperform from a a Neutral in a research note published on July 22, 2024; the price target was increased to $44 from $38. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Exane BNP Paribas began covering STAG with “Neutral” recommendation on June 04, 2024. Barclays started covering the stock on March 27, 2024. It rated STAG as “an Equal weight”.
Price Performance Review of STAG
On Monday, STAG Industrial Inc [NYSE:STAG] saw its stock fall -0.03% to $33.93. Over the last five days, the stock has lost -5.25%. STAG Industrial Inc shares have fallen nearly -13.58% since the year began. Nevertheless, the stocks have fallen -12.42% over the past one year. While a 52-week high of $41.63 was reached on 07/31/24, a 52-week low of $33.18 was recorded on 12/19/24. SMA at 50 days reached $36.66, while 200 days put it at $37.26.
Levels Of Support And Resistance For STAG Stock
The 24-hour chart illustrates a support level at 33.68, which if violated will result in even more drops to 33.43. On the upside, there is a resistance level at 34.11. A further resistance level may holdings at 34.30. The Relative Strength Index (RSI) on the 14-day chart is 33.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.22%. Stochastics %K at 14.31% indicates the stock is a buying.
How much short interest is there in STAG Industrial Inc?
A steep rise in short interest was recorded in STAG Industrial Inc stocks on 2024-11-29, dropping by -1.09 million shares to a total of 5.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.03 million shares. There was a decline of -18.42%, which implies that there is a negative sentiment for the stock.
