Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Simon Property Group, Inc shares valued at $29,840 were purchased by STEWART MARTA R on Dec 30 ’24. At $168.59 per share, STEWART MARTA R acquired 177 shares. The insider’s holdings grew to 14,464 shares worth approximately $2.7 million following the completion of this transaction.
Also, Smith Daniel C. purchased 334 shares, netting a total of over 56,309 in proceeds. Following the buying of shares at $168.59 each, the insider now holds 30,113 shares.
Before that, SELIG STEFAN M had added 187 shares to its account. In a trade valued at $31,526, the Director bought Simon Property Group, Inc shares for $168.59 each. Upon closing the transaction, the insider’s holdings increased to 187 shares, worth approximately $5.65 million.
As published in a research note from Piper Sandler on February 05, 2025, Simon Property Group, Inc [SPG] has been rated up from a Neutral to an Overweight and the price target has been revised to $205 from $175. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 17, 2024, Deutsche Bank has initiated its “Hold” rating for SPG. Earlier on September 16, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for SPG stock which previously was a “an In-line”.
Analyzing SPG Stock Performance
During the last five days, there has been a surge of approximately 1.54%. Over the course of the year, Simon Property Group, Inc shares have jumped approximately 8.42%. Shares of the company reached a 52-week high of $188.13 on 02/14/25 and a 52-week low of $169.84 on 01/13/25. A 50-day SMA is recorded $176.67, while a 200-day SMA reached $165.09. Nevertheless, trading volume fell to 0.94 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Simon Property Group, Inc (SPG)
According to the 24-hour chart, there is a support level at 185.60, which, if violated, would cause prices to drop to 184.48. In the upper region, resistance lies at 187.66. The next price resistance is at 188.60. RSI (Relative Strength Index) is 68.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.90, which suggests the price will increase in the coming days. Percent R is at 8.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
