COPT Defense Properties’s filing revealed that its SVP-CAO & CONTROLLER Myers Matthew T unloaded Company’s shares for reported $16160.0 on Dec 02 ’24. In the deal valued at $32.32 per share,500 shares were sold. As a result of this transaction, Myers Matthew T now holds 7,784 shares worth roughly $0.21 million.
Then, BUDORICK STEPHEN E sold 8,854 shares, generating $288,145 in total proceeds. Upon selling the shares at $32.54, the PRESIDENT/CEO now owns 153,882 shares.
Before that, BUDORICK STEPHEN E sold 9,000 shares. COPT Defense Properties shares valued at $293,724 were divested by the PRESIDENT/CEO at a price of $32.64 per share. As a result of the transaction, BUDORICK STEPHEN E now holds 162,736 shares, worth roughly $4.35 million.
Citigroup downgraded its COPT Defense Properties [CDP] rating to a Neutral from a a Buy in a research note published on March 22, 2024; the price target was decreased to $25 from $29. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Evercore ISI also remained covering CDP and has increased its forecast on February 12, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated CDP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CDP
On Friday, COPT Defense Properties [NYSE:CDP] saw its stock fall -0.07% to $26.75. Over the last five days, the stock has lost -1.94%. COPT Defense Properties shares have fallen nearly -13.57% since the year began. Nevertheless, the stocks have risen 10.54% over the past one year. While a 52-week high of $34.22 was reached on 01/02/25, a 52-week low of $22.20 was recorded on 02/21/25. SMA at 50 days reached $29.83, while 200 days put it at $28.89.
Levels Of Support And Resistance For CDP Stock
The 24-hour chart illustrates a support level at 26.57, which if violated will result in even more drops to 26.39. On the upside, there is a resistance level at 27.09. A further resistance level may holdings at 27.43. The Relative Strength Index (RSI) on the 14-day chart is 26.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.14%. Stochastics %K at 7.80% indicates the stock is a buying.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
