Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below 200-Day Moving Average – Should You 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 Stock Down 14.2 %

The firm has a market cap of $11.62 million, a P/E ratio of -0.05 and a beta of 1.58. The business’s 50 day moving average is $9.51 and its 200-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 company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.94, for a total value of $73,051.58. Following the completion of the sale, the insider now directly owns 313,789 shares of the company’s stock, valued at approximately $5,943,163.66. This represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 42,820 shares of company stock valued at $841,878. 51.40% of the stock is currently owned by company 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.