Invitation Homes Inc [INVH] Investment Guide: What You Need to Know

Deutsche Bank initiated its Invitation Homes Inc [INVH] rating to a Hold in a research note published on , January 30, 2024; the price target was $35.

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Price Performance Review of INVH

On Tuesday, Invitation Homes Inc [NYSE:INVH] saw its stock fall -0.72% to $33.08. Over the last five days, the stock has lost -1.93%. Invitation Homes Inc shares have fallen nearly -3.02% since the year began. Nevertheless, the stocks have risen 1.63% over the past one year. While a 52-week high of $36.53 was reached on 01/02/24, a 52-week low of $28.49 was recorded on 01/17/24. SMA at 50 days reached $33.74, while 200 days put it at $33.54. A total of 3.99 million shares were traded, compared to the trading of 2.69 million shares in the previous session.

Levels Of Support And Resistance For INVH Stock

The 24-hour chart illustrates a support level at 32.92, which if violated will result in even more drops to 32.75. On the upside, there is a resistance level at 33.33. A further resistance level may holdings at 33.57. The Relative Strength Index (RSI) on the 14-day chart is 43.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.19%. Stochastics %K at 28.71% indicates the stock is a holding.

How much short interest is there in Invitation Homes Inc?

A steep rise in short interest was recorded in Invitation Homes Inc stocks on Jan 11, 2024, growing by 0.6 million shares to a total of 13.06 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 12.46 million shares. There was a rise of 4.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.52.

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