Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Plymouth Industrial Reit Inc shares valued at $91,950 were purchased by WHITE PENDLETON P. JR. on Nov 15 ’24. At $18.39 per share, WHITE PENDLETON P. JR. acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $84900.0 following the completion of this transaction.
Also, Witherell Jeffrey E purchased 2,000 shares, netting a total of over 36,980 in proceeds. Following the buying of shares at $18.49 each, the insider now holds 252,248 shares.
Before that, MIRELF VI REIT Investments IV, had sold 563,438 shares from its account. In a trade valued at $13,285,868, the No longer a 10% owner traded Plymouth Industrial Reit Inc shares for $23.58 each. Upon closing the transaction, the insider’s holdings decreased to 563,438 shares, worth approximately $75.97 million.
As published in a research note from Exane BNP Paribas on November 08, 2024, Plymouth Industrial Reit Inc [PLYM] has been rated down from an Outperform to a Neutral and the price target has been revised to $23. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late March. As of January 22, 2024, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for PLYM. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for PLYM stock which previously was a “a Neutral”.
Analyzing PLYM Stock Performance
During the last five days, there has been a drop of approximately -4.61%. Over the course of the year, Plymouth Industrial Reit Inc shares have dropped approximately -4.61%. Shares of the company reached a 52-week high of $17.87 on 01/02/25 and a 52-week low of $16.92 on 01/08/25. A 50-day SMA is recorded $18.86, while a 200-day SMA reached $21.24. Nevertheless, trading volume fell to 0.14 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Plymouth Industrial Reit Inc (PLYM)
According to the 24-hour chart, there is a support level at 16.89, which, if violated, would cause prices to drop to 16.80. In the upper region, resistance lies at 17.09. The next price resistance is at 17.21. RSI (Relative Strength Index) is 29.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 97.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
