Global Net Lease Inc’s recent filing unveils that its 10% Owner SCHORSCH NICHOLAS S acquired Company’s shares for reported $0.77 million on Nov 11 ’24. In the deal valued at $7.72 per share,100,000 shares were bought. As a result of this transaction, SCHORSCH NICHOLAS S now holds 1,829,073 shares worth roughly $13.59 million.
Then, SCHORSCH NICHOLAS S bought 100,000 shares, generating $840,000 in total proceeds. Upon buying the shares at $8.40, the 10% Owner now owns 1,729,073 shares.
Before that, SCHORSCH NICHOLAS S sold 200,000 shares. Global Net Lease Inc shares valued at $1,430,000 were divested by the 10% Owner at a price of $7.15 per share. As a result of the transaction, SCHORSCH NICHOLAS S now holds 1,629,073 shares, worth roughly $12.1 million.
JMP Securities upgraded its Global Net Lease Inc [GNL] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late March with a ‘”a Hold”‘ rating. BTIG Research also remained covering GNL and has decreased its forecast on March 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on February 13, 2024. It rated GNL as “an Outperform”.
Price Performance Review of GNL
On Monday, Global Net Lease Inc [NYSE:GNL] saw its stock fall -1.20% to $7.43. Over the last five days, the stock has gained 3.19%. Global Net Lease Inc shares have risen nearly 1.78% since the year began. Nevertheless, the stocks have fallen -23.95% over the past one year. While a 52-week high of $10.06 was reached on 01/03/25, a 52-week low of $6.52 was recorded on 01/02/25. SMA at 50 days reached $7.43, while 200 days put it at $7.77.
Levels Of Support And Resistance For GNL Stock
The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.32. On the upside, there is a resistance level at 7.54. A further resistance level may holdings at 7.65. The Relative Strength Index (RSI) on the 14-day chart is 55.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.33%. Stochastics %K at 76.48% indicates the stock is a holding.
How much short interest is there in Global Net Lease Inc?
A steep rise in short interest was recorded in Global Net Lease Inc stocks on 2024-12-13, growing by 0.73 million shares to a total of 6.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.97 million shares. There was a rise of 10.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 16, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Underperform”‘ rating along with a $13 price target.
