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. Empire State Realty Trust Inc shares valued at $101,000 were sold by Durels Thomas P. on Dec 24 ’24. At $10.10 per share, Durels Thomas P. sold 10,000 shares. The insider’s holdings dropped to 86,807 shares worth approximately $0.83 million following the completion of this transaction.
Also, Durels Thomas P. purchased 10,000 shares, netting a total of over 101,024 in proceeds.
Before that, Durels Thomas P. had sold 3,193 shares from its account. In a trade valued at $34,804, the EVP, Real Estate traded Empire State Realty Trust Inc shares for $10.90 each. Upon closing the transaction, the insider’s holdings decreased to 3,193 shares, worth approximately $0.92 million.
As published in a research note from Evercore ISI on November 27, 2023, Empire State Realty Trust Inc [ESRT] has been rated down from an Outperform to an In-line. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of April 12, 2023, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for ESRT. Earlier on March 03, 2023, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for ESRT stock which previously was a “a Market perform”.
Analyzing ESRT Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Empire State Realty Trust Inc shares have dropped approximately -7.85%. Shares of the company reached a 52-week high of $10.43 on 01/02/25 and a 52-week low of $9.06 on 01/29/25. A 50-day SMA is recorded $10.35, while a 200-day SMA reached $10.19. Nevertheless, trading volume fell to 1.37 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Empire State Realty Trust Inc (ESRT)
According to the 24-hour chart, there is a support level at 9.27, which, if violated, would cause prices to drop to 9.03. In the upper region, resistance lies at 9.70. The next price resistance is at 9.90. RSI (Relative Strength Index) is 41.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 45.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
