In a filing, Ares Commercial Real Estate Corp revealed its Gen. Counsel VP and Secretary FEINGOLD ANTON unloaded Company’s shares for reported $43263.0 on Jan 31 ’25. In the deal valued at $5.68 per share,7,615 shares were sold. As a result of this transaction, FEINGOLD ANTON now holds 78,360 shares worth roughly $0.36 million.
Then, Gonzales Jeffrey Michael sold 4,020 shares, generating $22,839 in total proceeds. Upon selling the shares at $5.68, the CFO and Treasurer now owns 50,751 shares.
Before that, Donohoe Bryan Patrick sold 23,465 shares. Ares Commercial Real Estate Corp shares valued at $133,230 were divested by the Chief Executive Officer at a price of $5.68 per share. As a result of the transaction, Donohoe Bryan Patrick now holds 218,949 shares, worth roughly $0.99 million.
Wells Fargo downgraded its Ares Commercial Real Estate Corp [ACRE] rating to an Underweight from a an Equal weight in a research note published on September 20, 2024; the price target was decreased to $7 from $7.50. BofA Securities also remained covering ACRE and has decreased its forecast on March 04, 2024 with a “an Underperform” recommendation from previously “Buy” rating. UBS started covering the stock on December 06, 2023. It rated ACRE as “a Neutral”.
Price Performance Review of ACRE
On Tuesday, Ares Commercial Real Estate Corp [NYSE:ACRE] saw its stock fall -1.94% to $4.54. Over the last five days, the stock has lost -4.62%. Ares Commercial Real Estate Corp shares have fallen nearly -22.92% since the year began. Nevertheless, the stocks have fallen -39.06% over the past one year. While a 52-week high of $7.99 was reached on 01/06/25, a 52-week low of $4.48 was recorded on 03/31/25. SMA at 50 days reached $5.17, while 200 days put it at $6.45.
Levels Of Support And Resistance For ACRE Stock
The 24-hour chart illustrates a support level at 4.46, which if violated will result in even more drops to 4.39. On the upside, there is a resistance level at 4.67. A further resistance level may holdings at 4.80. The Relative Strength Index (RSI) on the 14-day chart is 30.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.47%. Stochastics %K at 19.10% indicates the stock is a buying.
How much short interest is there in Ares Commercial Real Estate Corp?
A steep rise in short interest was recorded in Ares Commercial Real Estate Corp stocks on 2025-03-14, growing by 4815.0 shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.46 million shares. There was a rise of 0.33%, which implies that there is a positive sentiment for the stock.
