The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gaming and Leisure Properties Inc shares valued at $151,170 were sold by Urdang E Scott on Nov 04 ’24. At $50.39 per share, Urdang E Scott sold 3,000 shares. The insider’s holdings dropped to 146,800 shares worth approximately $7.05 million following the completion of this transaction.
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Also, Urdang E Scott sold 6,885 shares, netting a total of over 345,352 in proceeds. Following the sale of shares at $50.16 each, the insider now holds 149,800 shares.
Before that, Burke Desiree A. had sold 12,973 shares from its account. In a trade valued at $674,855, the CFO and Treasurer traded Gaming and Leisure Properties Inc shares for $52.02 each. Upon closing the transaction, the insider’s holdings decreased to 12,973 shares, worth approximately $5.19 million.
As published in their initiating research note from Barclays on December 17, 2024, Gaming and Leisure Properties Inc [GLPI] has been an Equal weight and the price target has been revised to $55. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 20, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for GLPI. Earlier on August 23, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for GLPI stock which previously was a “a Peer perform”.
Analyzing GLPI Stock Performance
During the last five days, there has been a surge of approximately 2.00%. Over the course of the year, Gaming and Leisure Properties Inc shares have dropped approximately -2.65%. Shares of the company reached a 52-week high of $52.60 on 09/10/24 and a 52-week low of $41.80 on 04/17/24. A 50-day SMA is recorded $49.99, while a 200-day SMA reached $47.79. Nevertheless, trading volume fell to 0.63 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Gaming and Leisure Properties Inc (GLPI)
According to the 24-hour chart, there is a support level at 47.80, which, if violated, would cause prices to drop to 47.55. In the upper region, resistance lies at 48.21. The next price resistance is at 48.38. RSI (Relative Strength Index) is 39.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 64.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
