SITE Centers Corp’s recent filing unveils that its EVP & Chief Investment Officer Cattonar John M unloaded Company’s shares for reported $0.13 million on Dec 23 ’24. In the deal valued at $15.22 per share,8,794 shares were sold. As a result of this transaction, Cattonar John M now holds 0 shares worth roughly $0.0.
Then, Cattonar John M bought 8,794 shares, generating $135,955 in total proceeds.
Before that, Sweeney Dawn M. sold 7,490 shares. SITE Centers Corp shares valued at $115,314 were divested by the Director at a price of $15.40 per share. As a result of the transaction, Sweeney Dawn M. now holds 21,592 shares, worth roughly $0.32 million.
KeyBanc Capital Markets downgraded its SITE Centers Corp [SITC] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Wolfe Research also remained covering SITC and has decreased its forecast on January 05, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on September 20, 2023. It rated SITC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SITC
On Monday, SITE Centers Corp [NYSE:SITC] saw its stock fall -1.19% to $14.96. Over the last five days, the stock has lost -0.33%. SITE Centers Corp shares have fallen nearly -2.16% since the year began. Nevertheless, the stocks have risen 43.21% over the past one year. While a 52-week high of $18.15 was reached on 01/02/25, a 52-week low of $10.19 was recorded on 01/03/25. SMA at 50 days reached $15.74, while 200 days put it at $44.12.
Levels Of Support And Resistance For SITC Stock
The 24-hour chart illustrates a support level at 14.86, which if violated will result in even more drops to 14.77. On the upside, there is a resistance level at 15.14. A further resistance level may holdings at 15.33. The Relative Strength Index (RSI) on the 14-day chart is 40.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 29.63% indicates the stock is a holding.
How much short interest is there in SITE Centers Corp?
A steep rise in short interest was recorded in SITE Centers Corp stocks on 2024-12-13, dropping by -0.66 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.46 million shares. There was a decline of -23.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $12.50 price target.
