Agree Realty Corp’s recent filing unveils that its Director RAKOLTA JOHN JR acquired Company’s shares for reported $1.43 million on Dec 20 ’24. In the deal valued at $70.33 per share,20,275 shares were bought. As a result of this transaction, RAKOLTA JOHN JR now holds 462,196 shares worth roughly $32.51 million.
Then, RAKOLTA JOHN JR bought 10,000 shares, generating $700,700 in total proceeds. Upon buying the shares at $70.07, the Director now owns 472,196 shares.
Before that, RAKOLTA JOHN JR bought 20,000 shares. Agree Realty Corp shares valued at $1,186,400 were divested by the Director at a price of $59.32 per share. As a result of the transaction, RAKOLTA JOHN JR now holds 436,011 shares, worth roughly $30.66 million.
Barclays initiated its Agree Realty Corp [ADC] rating to an Underweight in a research note published on December 17, 2024; the price target was $76. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid December from “a Mkt outperform” to “a Mkt perform”. Evercore ISI began covering ADC with “an Outperform” recommendation on December 12, 2024. Deutsche Bank started covering the stock on December 11, 2024. It rated ADC as “a Buy”.
Price Performance Review of ADC
On Friday, Agree Realty Corp [NYSE:ADC] saw its stock jump 0.85% to $70.33. Over the last five days, the stock has lost -0.68%. Agree Realty Corp shares have fallen nearly -0.17% since the year began. Nevertheless, the stocks have risen 12.49% over the past one year. While a 52-week high of $78.39 was reached on 01/03/25, a 52-week low of $54.28 was recorded on 01/02/25. SMA at 50 days reached $74.18, while 200 days put it at $67.75.
Levels Of Support And Resistance For ADC Stock
The 24-hour chart illustrates a support level at 69.60, which if violated will result in even more drops to 68.86. On the upside, there is a resistance level at 70.86. A further resistance level may holdings at 71.39. The Relative Strength Index (RSI) on the 14-day chart is 38.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.08%. Stochastics %K at 18.51% indicates the stock is a buying.
How much short interest is there in Agree Realty Corp?
A steep rise in short interest was recorded in Agree Realty Corp stocks on 2024-12-13, dropping by 4672.0 shares to a total of 14.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.37 million shares. There was a decline of -0.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 31, 2024 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.
