Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) 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 changing hands.

Wheeler Real Estate Investment Trust Trading Down 2.2 %

The firm has a market cap of $5.53 million, a PE ratio of -0.02 and a beta of 1.58. The company’s 50 day moving average price is $9.59 and its two-hundred day moving average price is $9.34.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 3,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $19.14, for a total transaction of $68,904.00. Following the completion of the sale, the insider now directly owns 310,189 shares of the company’s stock, valued at $5,937,017.46. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 42,820 shares of company stock valued at $841,878 over the last quarter. 40.62% of the stock is currently owned by company insiders.

About Wheeler Real Estate Investment Trust

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.