Simon Property Group, Inc’s filing revealed that its Director STEWART MARTA R acquired Company’s shares for reported $29840.0 on Dec 30 ’24. In the deal valued at $168.59 per share,177 shares were bought. As a result of this transaction, STEWART MARTA R now holds 14,464 shares worth roughly $2.52 million.
Then, Smith Daniel C. bought 334 shares, generating $56,309 in total proceeds. Upon buying the shares at $168.59, the Director now owns 30,113 shares.
Before that, SELIG STEFAN M bought 187 shares. Simon Property Group, Inc shares valued at $31,526 were divested by the Director at a price of $168.59 per share. As a result of the transaction, SELIG STEFAN M now holds 30,260 shares, worth roughly $5.28 million.
Jefferies upgraded its Simon Property Group, Inc [SPG] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $198 from $179. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. Evercore ISI also remained covering SPG and has increased its forecast on September 16, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Stifel revised its rating on September 12, 2024. It rated SPG as “a Hold” which previously was an “a Buy”.
Price Performance Review of SPG
On Monday, Simon Property Group, Inc [NYSE:SPG] saw its stock fall -0.94% to $174.41. Over the last five days, the stock has gained 1.40%. Simon Property Group, Inc shares have risen nearly 1.28% since the year began. Nevertheless, the stocks have risen 24.35% over the past one year. While a 52-week high of $186.00 was reached on 01/03/25, a 52-week low of $135.15 was recorded on 01/02/25. SMA at 50 days reached $176.85, while 200 days put it at $160.45.
Levels Of Support And Resistance For SPG Stock
The 24-hour chart illustrates a support level at 173.59, which if violated will result in even more drops to 172.78. On the upside, there is a resistance level at 175.56. A further resistance level may holdings at 176.72. The Relative Strength Index (RSI) on the 14-day chart is 47.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.65%. Stochastics %K at 43.17% indicates the stock is a holding.
How much short interest is there in Simon Property Group, Inc?
A steep rise in short interest was recorded in Simon Property Group, Inc stocks on 2024-12-13, growing by 27522.0 shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.18 million shares. There was a rise of 0.53%, which implies that there is a positive sentiment for the stock.
