Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CareTrust REIT Inc shares valued at $1,043,000 were sold by Wagner William M on Sep 04 ’24. At $29.80 per share, Wagner William M sold 35,000 shares. The insider’s holdings dropped to 257,439 shares worth approximately $6.79 million following the completion of this transaction.
Also, Wagner William M purchased 35,000 shares, netting a total of over 1,044,400 in proceeds.
As published in a research note from Wedbush on January 02, 2025, CareTrust REIT Inc [CTRE] has been rated down from a Neutral to an Underperform and the price target has been revised to $26 from $34. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early December. As of October 01, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for CTRE. Earlier on May 29, 2024, Wedbush initiated its rating. Their recommendation was “a Neutral” for CTRE stock.
Analyzing CTRE Stock Performance
During the last five days, there has been a drop of approximately -0.49%. Over the course of the year, CareTrust REIT Inc shares have dropped approximately -2.51%. Shares of the company reached a 52-week high of $27.92 on 01/28/25 and a 52-week low of $25.65 on 01/10/25. A 50-day SMA is recorded $27.66, while a 200-day SMA reached $27.83. Nevertheless, trading volume fell to 2.49 million shares from 1.6 million shares the previous day.
Support And Resistance Levels for CareTrust REIT Inc (CTRE)
According to the 24-hour chart, there is a support level at 26.06, which, if violated, would cause prices to drop to 25.74. In the upper region, resistance lies at 26.80. The next price resistance is at 27.22. RSI (Relative Strength Index) is 44.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 82.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
