StoneMor Partners (NYSE:STON) Stock Price Passes Above 200-Day Moving Average of $0.00

StoneMor Partners L.P. (NYSE:STON)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.51. StoneMor Partners shares last traded at $1.51, with a volume of 100 shares changing hands.

The firm’s fifty day moving average price is $1.78 and its 200 day moving average price is $2.87.

In other news, Director Fenton R. Talbott sold 18,535 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $2.19, for a total transaction of $40,591.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of STON. Advisor Group Inc. grew its holdings in shares of StoneMor Partners by 2,514.9% during the 4th quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock valued at $36,000 after acquiring an additional 16,850 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of StoneMor Partners by 13.5% during the 1st quarter. Wedbush Securities Inc. now owns 27,770 shares of the company’s stock valued at $105,000 after acquiring an additional 3,300 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in shares of StoneMor Partners by 28.2% in the 1st quarter. Appleton Partners Inc. MA now owns 37,478 shares of the company’s stock valued at $141,000 after purchasing an additional 8,233 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of StoneMor Partners in the 2nd quarter valued at $608,000. Finally, Morgan Stanley lifted its stake in shares of StoneMor Partners by 0.4% in the 2nd quarter. Morgan Stanley now owns 4,052,045 shares of the company’s stock valued at $8,914,000 after purchasing an additional 14,266 shares during the last quarter. Institutional investors and hedge funds own 53.39% of the company’s stock.

StoneMor Partners Company Profile (NYSE:STON)

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as others.

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