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NNN (NNN REIT Inc) may reap gains as insiders became active recently

NNN REIT Inc’s recent filing unveils that its EVP,Chief Acctg & Tech Officer Miller Michelle Lynn unloaded Company’s shares for reported $42510.0 on Dec 10 ’24. In the deal valued at $42.51 per share,1,000 shares were sold. As a result of this transaction, Miller Michelle Lynn now holds 68,756 shares worth roughly $2.78 million.

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Then, Miller Michelle Lynn bought 1,000 shares, generating $42,680 in total proceeds.

Before that, Adamo Jonathan sold 5,000 shares. NNN REIT Inc shares valued at $235,500 were divested by the EVP, Portfolio Operations at a price of $47.10 per share. As a result of the transaction, Adamo Jonathan now holds 71,251 shares, worth roughly $2.88 million.

Barclays initiated its NNN REIT Inc [NNN] rating to an Overweight in a research note published on December 17, 2024; the price target was $48. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. B. Riley Securities also remained covering NNN and reiterated its “Buy” recommendation on December 04, 2024. Exane BNP Paribas revised its rating on November 04, 2024. It rated NNN as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of NNN

On Monday, NNN REIT Inc [NYSE:NNN] saw its stock jump 0.25% to $40.45. Over the last five days, the stock has lost -4.19%. NNN REIT Inc shares have fallen nearly -6.15% since the year began. Nevertheless, the stocks have fallen -5.16% over the past one year. While a 52-week high of $49.57 was reached on 10/16/24, a 52-week low of $38.88 was recorded on 02/13/24. SMA at 50 days reached $44.00, while 200 days put it at $44.01.

Levels Of Support And Resistance For NNN Stock

The 24-hour chart illustrates a support level at 40.15, which if violated will result in even more drops to 39.84. On the upside, there is a resistance level at 40.68. A further resistance level may holdings at 40.91. The Relative Strength Index (RSI) on the 14-day chart is 30.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.43%. Stochastics %K at 11.73% indicates the stock is a buying.

How much short interest is there in NNN REIT Inc?

A steep rise in short interest was recorded in NNN REIT Inc stocks on 2024-11-29, dropping by -1.48 million shares to a total of 3.71 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 -40.0%, which implies that there is a negative sentiment for the stock.

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