The stock of SITE Centers Corp (NYSE:SITC) last traded at $16.58, down -2.81% from the previous session.
SITC stock price is now 39.76% away from the 50-day moving average and 48.14% away from the 200-day moving average. The market capitalization of the company currently stands at $868.63M.
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With the price target maintained at $19, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for SITE Centers Corp (NYSE: SITC). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Fennerty Conor, EVP, CFO & Treasurer sold 5,850 shares of the company’s stock on Aug 21 ’24. The stock was sold for $354,159 at an average price of $60.54. Upon completion of the transaction, the EVP, CFO & Treasurer now directly owns 41,709 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, Officer Fennerty Conor bought 5,850 shares of the business’s stock. A total of $353,792 was incurred on buying the stock at an average price of $60.48. A total of 8.64% of the company’s stock is owned by insiders.
During the past 12 months, SITE Centers Corp has had a low of $8.39 and a high of $18.15. The fifty day moving average price for SITC is $53.46477 and a two-hundred day moving average price translates $55.66899 for the stock.
The latest earnings results from SITE Centers Corp (NYSE: SITC) was released for 2024-06-30. The net profit margin was 94.61% and return on equity was 21.06% for SITC. The company reported revenue of $115.67 million for the quarter, compared to $138.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.28 percent.
