Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gaming and Leisure Properties Inc shares valued at $509,246 were sold by Demchyk Matthew on Jan 21 ’25. At $48.62 per share, Demchyk Matthew sold 10,474 shares. The insider’s holdings dropped to 71,757 shares worth approximately $3.45 million following the completion of this transaction.
Also, Demchyk Matthew purchased 10,474 shares, netting a total of over 509,257 in proceeds.
Before that, Burke Desiree A. had sold 41,737 shares from its account. In a trade valued at $1,978,751, the CFO and Treasurer traded Gaming and Leisure Properties Inc shares for $47.41 each. Upon closing the transaction, the insider’s holdings decreased to 41,737 shares, worth approximately $5.47 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 surge of approximately 2.60%. Over the course of the year, Gaming and Leisure Properties Inc shares have dropped approximately -0.06%. Shares of the company reached a 52-week high of $49.22 on 01/21/25 and a 52-week low of $45.53 on 01/10/25. A 50-day SMA is recorded $49.00, while a 200-day SMA reached $47.96. Nevertheless, trading volume fell to 1.24 million shares from 1.18 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 47.85, which, if violated, would cause prices to drop to 47.57. In the upper region, resistance lies at 48.59. The next price resistance is at 49.05. RSI (Relative Strength Index) is 50.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 29.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
