Taking a Closer Look At D.R. Horton Inc. (DHI) Following Its Recent Trade

CHWY Stock

D.R. Horton Inc.’s filing revealed that its Director Allen Barbara K unloaded Company’s shares for reported $0.25 million on Jan 30. In the deal valued at $143.26 per share,1,748 shares were sold. As a result of this transaction, Allen Barbara K now holds 5,650 shares worth roughly $0.81 million.

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Then, ANDERSON BRADLEY S sold 10,000 shares, generating $1,520,000 in total proceeds. Upon selling the shares at $152.00, the Director now owns 30,208 shares.

Before that, Odom Aron M. sold 1,213 shares. D.R. Horton Inc. shares valued at $185,592 were divested by the SVP, Controller and PAO at a price of $153.00 per share. As a result of the transaction, Odom Aron M. now holds 5,103 shares, worth roughly $0.73 million.

Seaport Research Partners downgraded its D.R. Horton Inc. [DHI] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of DHI

On Tuesday, D.R. Horton Inc. [NYSE:DHI] saw its stock jump 2.18% to $143.26. Over the last five days, the stock has gained 0.09%. D.R. Horton Inc. shares have fallen nearly -5.74% since the year began. Nevertheless, the stocks have risen 48.43% over the past one year. While a 52-week high of $157.93 was reached on 01/22/24, a 52-week low of $89.05 was recorded on 01/24/24. SMA at 50 days reached $142.68, while 200 days put it at $121.39. A total of 3.4 million shares were traded, compared to the trading of 4.56 million shares in the previous session.

Levels Of Support And Resistance For DHI Stock

The 24-hour chart illustrates a support level at 141.27, which if violated will result in even more drops to 139.28. On the upside, there is a resistance level at 144.61. A further resistance level may holdings at 145.96. The Relative Strength Index (RSI) on the 14-day chart is 45.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.80%. Stochastics %K at 13.04% indicates the stock is a buying.

How much short interest is there in D.R. Horton Inc.?

A steep rise in short interest was recorded in D.R. Horton Inc. stocks on Jan 11, 2024, dropping by -1.53 million shares to a total of 5.17 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 6.7 million shares. There was a decline of -29.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.96% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.04.

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