Meanwhile, Robert W. Baird downgraded its Piedmont Office Realty Trust Inc [PDM] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Outperform”. Stifel also remained covering PDM and has increased its forecast on February 07, 2019 with a “Hold” recommendation from previously “Sell” rating. Robert W. Baird revised its rating on January 09, 2019. It rated PDM as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of PDM
On Tuesday, Piedmont Office Realty Trust Inc [NYSE:PDM] saw its stock fall -15.44% to $5.75. Over the last five days, the stock has lost -13.79%. Piedmont Office Realty Trust Inc shares have fallen nearly -37.16% since the year began. Nevertheless, the stocks have fallen -11.71% over the past one year. While a 52-week high of $11.11 was reached on 01/02/25, a 52-week low of $5.81 was recorded on 04/29/25. SMA at 50 days reached $7.01, while 200 days put it at $8.70.
Levels Of Support And Resistance For PDM Stock
The 24-hour chart illustrates a support level at 5.46, which if violated will result in even more drops to 5.17. On the upside, there is a resistance level at 6.13. A further resistance level may holdings at 6.52. The Relative Strength Index (RSI) on the 14-day chart is 29.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.01%. Stochastics %K at 61.07% indicates the stock is a holding.
How much short interest is there in Piedmont Office Realty Trust Inc?
A steep rise in short interest was recorded in Piedmont Office Realty Trust Inc stocks on 2025-04-15, growing by 39500.0 shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 1.89 million shares. There was a rise of 2.05%, which implies that there is a positive sentiment for the stock.
