Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.34 and traded as low as $8.78. Wheeler Real Estate Investment Trust shares last traded at $9.01, with a volume of 135,782 shares traded.

Wheeler Real Estate Investment Trust Trading Down 14.2 %

The stock has a market cap of $11.62 million, a price-to-earnings ratio of -0.05 and a beta of 1.58. The stock’s 50 day moving average is $9.51 and its two-hundred day moving average is $9.34.

Insider Activity

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 3,857 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.94, for a total transaction of $73,051.58. Following the sale, the insider now directly owns 313,789 shares of the company’s stock, valued at $5,943,163.66. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 42,820 shares of company stock worth $841,878 in the last 90 days. 51.40% of the stock is currently owned by corporate insiders.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.