Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Welltower Inc shares valued at $286,418 were sold by BACON KENNETH J on Dec 09 ’24. At $130.19 per share, BACON KENNETH J sold 2,200 shares. The insider’s holdings dropped to 12,379 shares worth approximately $1.57 million following the completion of this transaction.
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Also, Kenneth J. Bacon purchased 2,200 shares, netting a total of over 289,014 in proceeds.
Before that, BACON KENNETH J had sold 1,800 shares from its account. In a trade valued at $187,038, the Director traded Welltower Inc shares for $103.91 each. Upon closing the transaction, the insider’s holdings decreased to 1,800 shares, worth approximately $1.85 million.
As published in their initiating research note from Exane BNP Paribas on March 18, 2024, Welltower Inc [WELL] has been an Outperform and the price target has been revised to $104. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of December 18, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WELL. Earlier on November 28, 2023, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for WELL stock which previously was a “an Outperform”.
Analyzing WELL Stock Performance
During the last five days, there has been a drop of approximately -1.52%. Over the course of the year, Welltower Inc shares have jumped approximately 41.13%. Shares of the company reached a 52-week high of $140.75 on 11/27/24 and a 52-week low of $85.40 on 02/13/24. A 50-day SMA is recorded $132.85, while a 200-day SMA reached $113.71. Nevertheless, trading volume fell to 1.07 million shares from 1.8 million shares the previous day.
Support And Resistance Levels for Welltower Inc (WELL)
According to the 24-hour chart, there is a support level at 125.44, which, if violated, would cause prices to drop to 124.30. In the upper region, resistance lies at 127.31. The next price resistance is at 128.04. RSI (Relative Strength Index) is 41.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.45, which suggests the price will decrease in the coming days. Percent R is at 68.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
