Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eastgroup Properties, Inc shares valued at $307,975 were sold by WOOD BRENT on Sep 12 ’24. At $184.42 per share, WOOD BRENT sold 1,670 shares. The insider’s holdings dropped to 110,926 shares worth approximately $17.8 million following the completion of this transaction.
Also, Dunbar Richard Reid sold 1,650 shares, netting a total of over 303,590 in proceeds. Following the sale of shares at $183.99 each, the insider now holds 20,057 shares.
Before that, RICHARD REID DUNBAR had added 1,650 shares to its account. In a trade valued at $303,590, the Officer bought Eastgroup Properties, Inc shares for $183.99 each.
As published in a research note from Truist on April 10, 2025, Eastgroup Properties, Inc [EGP] has been rated up from a Hold to a Buy. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 17, 2025, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for EGP. Earlier on January 14, 2025, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for EGP stock.
Analyzing EGP Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, Eastgroup Properties, Inc shares have dropped approximately -0.01%. Shares of the company reached a 52-week high of $188.89 on 03/07/25 and a 52-week low of $137.67 on 04/09/25. A 50-day SMA is recorded $173.28, while a 200-day SMA reached $175.79.
Support And Resistance Levels for Eastgroup Properties, Inc (EGP)
According to the 24-hour chart, there is a support level at 158.54, which, if violated, would cause prices to drop to 156.60. In the upper region, resistance lies at 162.88. The next price resistance is at 165.29. RSI (Relative Strength Index) is 45.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 39.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
