Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gaming and Leisure Properties Inc shares valued at $1,978,751 were sold by Burke Desiree A. on Jan 03 ’25. At $47.41 per share, Burke Desiree A. sold 41,737 shares. The insider’s holdings dropped to 113,670 shares worth approximately $5.32 million following the completion of this transaction.
Also, Burke Desiree A. sold 9,825 shares, netting a total of over 469,438 in proceeds. Following the sale of shares at $47.78 each, the insider now holds 155,407 shares.
Before that, Ladany Steven had sold 28,276 shares from its account. In a trade valued at $1,340,565, the SVP Chief Development Officer traded Gaming and Leisure Properties Inc shares for $47.41 each. Upon closing the transaction, the insider’s holdings decreased to 28,276 shares, worth approximately $4.1 million.
As published in a research note from Morgan Stanley on January 15, 2025, Gaming and Leisure Properties Inc [GLPI] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $53. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 13, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for GLPI. Earlier on November 20, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for GLPI stock which previously was a “a Hold”.
Analyzing GLPI Stock Performance
During the last five days, there has been a drop of approximately -0.55%. Over the course of the year, Gaming and Leisure Properties Inc shares have dropped approximately -2.74%. Shares of the company reached a 52-week high of $48.35 on 01/02/25 and a 52-week low of $45.53 on 01/10/25. A 50-day SMA is recorded $49.14, while a 200-day SMA reached $47.90. Nevertheless, trading volume fell to 1.11 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Gaming and Leisure Properties Inc (GLPI)
According to the 24-hour chart, there is a support level at 46.52, which, if violated, would cause prices to drop to 46.19. In the upper region, resistance lies at 47.48. The next price resistance is at 48.11. RSI (Relative Strength Index) is 40.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 53.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
