In a filing, CareTrust REIT Inc revealed its CFO and Treasurer Wagner William M unloaded Company’s shares for reported $1.04 million on Sep 04 ’24. In the deal valued at $29.80 per share,35,000 shares were sold. As a result of this transaction, Wagner William M now holds 257,439 shares worth roughly $7.0 million.
Then, Wagner William M bought 35,000 shares, generating $1,044,400 in total proceeds.
Wedbush downgraded its CareTrust REIT Inc [CTRE] rating to an Underperform from a a Neutral in a research note published on January 02, 2025; the price target was decreased to $26 from $34. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Market perform”. Wells Fargo also remained covering CTRE and has increased its forecast on October 01, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wedbush started covering the stock on May 29, 2024. It rated CTRE as “a Neutral”.
Price Performance Review of CTRE
On Tuesday, CareTrust REIT Inc [NYSE:CTRE] saw its stock jump 1.72% to $27.19. Over the last five days, the stock has gained 2.95%. CareTrust REIT Inc shares have risen nearly 0.52% since the year began. Nevertheless, the stocks have risen 25.88% over the past one year. While a 52-week high of $33.15 was reached on 01/21/25, a 52-week low of $20.10 was recorded on 01/10/25. SMA at 50 days reached $28.57, while 200 days put it at $27.66.
Levels Of Support And Resistance For CTRE Stock
The 24-hour chart illustrates a support level at 26.88, which if violated will result in even more drops to 26.56. On the upside, there is a resistance level at 27.45. A further resistance level may holdings at 27.71. The Relative Strength Index (RSI) on the 14-day chart is 47.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.75%. Stochastics %K at 69.20% indicates the stock is a holding.
How much short interest is there in CareTrust REIT Inc?
A steep rise in short interest was recorded in CareTrust REIT Inc stocks on 2024-12-31, growing by 4.68 million shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.52 million shares. There was a rise of 57.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $23 price target.
