The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Agree Realty Corp shares valued at $1,425,941 were purchased by RAKOLTA JOHN JR on Dec 20 ’24. At $70.33 per share, RAKOLTA JOHN JR acquired 20,275 shares. The insider’s holdings grew to 462,196 shares worth approximately $33.03 million following the completion of this transaction.
Also, RAKOLTA JOHN JR purchased 10,000 shares, netting a total of over 700,700 in proceeds. Following the buying of shares at $70.07 each, the insider now holds 472,196 shares.
Before that, RAKOLTA JOHN JR had added 20,000 shares to its account. In a trade valued at $1,186,400, the Director bought Agree Realty Corp shares for $59.32 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $31.16 million.
As published in their initiating research note from Barclays on December 17, 2024, Agree Realty Corp [ADC] has been an Underweight and the price target has been revised to $76. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of December 12, 2024, Evercore ISI has initiated its “an Outperform” rating for ADC. Earlier on December 11, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for ADC stock.
Analyzing ADC Stock Performance
During the last five days, there has been a surge of approximately 1.07%. Over the course of the year, Agree Realty Corp shares have jumped approximately 1.45%. Shares of the company reached a 52-week high of $73.22 on 01/21/25 and a 52-week low of $67.58 on 01/10/25. A 50-day SMA is recorded $73.32, while a 200-day SMA reached $68.62. Nevertheless, trading volume fell to 0.85 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Agree Realty Corp (ADC)
According to the 24-hour chart, there is a support level at 70.61, which, if violated, would cause prices to drop to 69.76. In the upper region, resistance lies at 71.97. The next price resistance is at 72.48. RSI (Relative Strength Index) is 49.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.32, which suggests the price will increase in the coming days. Percent R is at 31.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
