Sabra Healthcare REIT Inc’s recently made public that its Director Cusack Catherine acquired Company’s shares for reported $0.1 million on May 22 ’24. In the deal valued at $14.43 per share,7,000 shares were bought. As a result of this transaction, Cusack Catherine now holds 46,385 shares worth roughly $0.79 million.
Then, FOSTER MICHAEL J sold 10,000 shares, generating $146,830 in total proceeds. Upon selling the shares at $14.68, the Director now owns 63,923 shares.
Truist downgraded its Sabra Healthcare REIT Inc [SBRA] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in early January from “a Mkt perform” to “a Mkt outperform”. Mizuho also remained covering SBRA and has decreased its forecast on December 05, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on October 01, 2024. It rated SBRA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SBRA
On Friday, Sabra Healthcare REIT Inc [NASDAQ:SBRA] saw its stock fall -1.40% to $16.94. Over the last five days, the stock has gained 2.11%. Sabra Healthcare REIT Inc shares have fallen nearly -2.19% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $20.03 was reached on 01/03/25, a 52-week low of $12.83 was recorded on 01/13/25. SMA at 50 days reached $17.82, while 200 days put it at $16.52.
Levels Of Support And Resistance For SBRA Stock
The 24-hour chart illustrates a support level at 16.75, which if violated will result in even more drops to 16.56. On the upside, there is a resistance level at 17.20. A further resistance level may holdings at 17.46. The Relative Strength Index (RSI) on the 14-day chart is 45.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.73%. Stochastics %K at 68.21% indicates the stock is a holding.
How much short interest is there in Sabra Healthcare REIT Inc?
A steep rise in short interest was recorded in Sabra Healthcare REIT Inc stocks on 2024-12-31, dropping by -0.58 million shares to a total of 17.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 18.5 million shares. There was a decline of -3.22%, which implies that there is a negative sentiment for the stock.
