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SL Green Realty Corp (SLG) may enjoy gains as insiders got busy in the recent days

In a filing, SL Green Realty Corp revealed its Director HATKOFF CRAIG M unloaded Company’s shares for reported $0.23 million on Jan 24 ’25. In the deal valued at $66.30 per share,3,455 shares were sold. As a result of this transaction, HATKOFF CRAIG M now holds 2,052 shares worth roughly $0.13 million.

Then, HATKOFF CRAIG M bought 3,455 shares, generating $228,753 in total proceeds.

Before that, LEVINE ANDREW S sold 45,785 shares. SL Green Realty Corp shares valued at $3,648,463 were divested by the CHIEF LEGAL OFFICER & GC at a price of $79.69 per share. As a result of the transaction, LEVINE ANDREW S now holds 8,104 shares, worth roughly $0.51 million.

JP Morgan upgraded its SL Green Realty Corp [SLG] rating to a Neutral from a an Underweight in a research note published on December 10, 2024; the price target was increased to $80 from $51. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in mid September from “a Sell” to “a Neutral”. Evercore ISI also remained covering SLG and has increased its forecast on September 16, 2024 with a “an In-line” recommendation from previously “an Underperform” rating. Citigroup revised its rating on September 13, 2024. It rated SLG as “a Neutral” which previously was an “a Sell”.

Price Performance Review of SLG

On Friday, SL Green Realty Corp [NYSE:SLG] saw its stock fall -2.65% to $62.73. Over the last five days, the stock has lost -2.71%. SL Green Realty Corp shares have fallen nearly -7.64% since the year began. Nevertheless, the stocks have risen 35.96% over the past one year. While a 52-week high of $82.81 was reached on 01/03/25, a 52-week low of $45.25 was recorded on 01/13/25. SMA at 50 days reached $67.07, while 200 days put it at $65.51.

Levels Of Support And Resistance For SLG Stock

The 24-hour chart illustrates a support level at 61.45, which if violated will result in even more drops to 60.17. On the upside, there is a resistance level at 64.73. A further resistance level may holdings at 66.73. The Relative Strength Index (RSI) on the 14-day chart is 38.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.37%. Stochastics %K at 34.12% indicates the stock is a holding.

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