Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ares Commercial Real Estate Corp shares valued at $43,263 were sold by FEINGOLD ANTON on Jan 31 ’25. At $5.68 per share, FEINGOLD ANTON sold 7,615 shares. The insider’s holdings dropped to 78,360 shares worth approximately $0.38 million following the completion of this transaction.
Also, Gonzales Jeffrey Michael sold 4,020 shares, netting a total of over 22,839 in proceeds. Following the sale of shares at $5.68 each, the insider now holds 50,751 shares.
Before that, Donohoe Bryan Patrick had sold 23,465 shares from its account. In a trade valued at $133,230, the Chief Executive Officer traded Ares Commercial Real Estate Corp shares for $5.68 each. Upon closing the transaction, the insider’s holdings decreased to 23,465 shares, worth approximately $1.05 million.
As published in a research note from Wells Fargo on September 20, 2024, Ares Commercial Real Estate Corp [ACRE] has been rated down from an Equal weight to an Underweight and the price target has been revised to $7 from $7.50. As of March 04, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for ACRE. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for ACRE stock.
Analyzing ACRE Stock Performance
During the last five days, there has been a drop of approximately -4.01%. Over the course of the year, Ares Commercial Real Estate Corp shares have dropped approximately -18.68%. Shares of the company reached a 52-week high of $6.20 on 01/06/25 and a 52-week low of $4.76 on 02/27/25. A 50-day SMA is recorded $5.76, while a 200-day SMA reached $6.69. Nevertheless, trading volume fell to 0.69 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Ares Commercial Real Estate Corp (ACRE)
According to the 24-hour chart, there is a support level at 4.74, which, if violated, would cause prices to drop to 4.69. In the upper region, resistance lies at 4.86. The next price resistance is at 4.93. RSI (Relative Strength Index) is 26.27 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 97.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
