Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SL Green Realty Corp shares valued at $3,648,463 were sold by LEVINE ANDREW S on Nov 25 ’24. At $79.69 per share, LEVINE ANDREW S sold 45,785 shares. The insider’s holdings dropped to 8,104 shares worth approximately $0.55 million following the completion of this transaction.
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Also, LEVINE ANDREW S purchased 45,785 shares, netting a total of over 3,668,294 in proceeds.
Before that, Brown Carol N had sold 5,118 shares from its account. In a trade valued at $227,086, the Director traded SL Green Realty Corp shares for $44.37 each. Upon closing the transaction, the insider’s holdings decreased to 5,118 shares, worth approximately $0.0.
As published in a research note from JP Morgan on December 10, 2024, SL Green Realty Corp [SLG] has been rated up from an Underweight to a Neutral and the price target has been revised to $80 from $51. Analysts at Compass Point upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of September 16, 2024, Evercore ISI has increased its “an Underperform” rating to a “an In-line” for SLG. Earlier on September 13, 2024, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for SLG stock which previously was a “a Sell”.
Analyzing SLG Stock Performance
During the last five days, there has been a drop of approximately -7.04%. Over the course of the year, SL Green Realty Corp shares have jumped approximately 52.51%. Shares of the company reached a 52-week high of $82.81 on 11/11/24 and a 52-week low of $41.81 on 01/18/24. A 50-day SMA is recorded $75.68, while a 200-day SMA reached $62.84. Nevertheless, trading volume fell to 0.52 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for SL Green Realty Corp (SLG)
According to the 24-hour chart, there is a support level at 67.44, which, if violated, would cause prices to drop to 66.58. In the upper region, resistance lies at 68.87. The next price resistance is at 69.44. RSI (Relative Strength Index) is 37.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.18, which suggests the price will decrease in the coming days. Percent R is at 86.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
