Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rexford Industrial Realty Inc shares valued at $711,342 were sold by CLARK LAURA E on Sep 10 ’24. At $50.15 per share, CLARK LAURA E sold 14,185 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, CLARK LAURA E purchased 14,185 shares, netting a total of over 701,657 in proceeds.
Before that, Schwimmer Howard had sold 30,358 shares from its account. In a trade valued at $1,483,343, the Co-CEO, Co-President traded Rexford Industrial Realty Inc shares for $48.86 each. Upon closing the transaction, the insider’s holdings decreased to 30,358 shares, worth approximately $1.96 million.
As published in a research note from Scotiabank on October 25, 2024, Rexford Industrial Realty Inc [REXR] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $48 from $55. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 10, 2024, Evercore ISI has initiated its “an Outperform” rating for REXR. Earlier on April 22, 2024, Wedbush initiated its rating. Their recommendation was “a Neutral” for REXR stock.
Analyzing REXR Stock Performance
During the last five days, there has been a drop of approximately -3.13%. Over the course of the year, Rexford Industrial Realty Inc shares have dropped approximately -31.07%. Shares of the company reached a 52-week high of $56.87 on 01/09/24 and a 52-week low of $37.67 on 12/20/24. A 50-day SMA is recorded $42.36, while a 200-day SMA reached $46.38. Nevertheless, trading volume fell to 0.59 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Rexford Industrial Realty Inc (REXR)
According to the 24-hour chart, there is a support level at 38.25, which, if violated, would cause prices to drop to 37.83. In the upper region, resistance lies at 38.90. The next price resistance is at 39.13. RSI (Relative Strength Index) is 35.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 75.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
