The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Starwood Property Trust Inc shares valued at $2,028,330 were sold by DiModica Jeffrey F. on Mar 28 ’24. At $20.28 per share, DiModica Jeffrey F. sold 100,000 shares. The insider’s holdings dropped to 1,226,673 shares worth approximately $24.08 million following the completion of this transaction.
Also, DiModica Jeffrey F. sold 25,000 shares, netting a total of over 508,242 in proceeds. Following the sale of shares at $20.33 each, the insider now holds 925,984 shares.
Before that, DiModica Jeffrey F. had sold 75,000 shares from its account. In a trade valued at $1,654,208, the President traded Starwood Property Trust Inc shares for $22.06 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $18.67 million.
As published in a research note from BofA Securities on March 04, 2024, Starwood Property Trust Inc [STWD] has been rated down from a Buy to a Neutral and the price target has been revised to $21.50 from $22.50. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of October 10, 2023, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for STWD.
Analyzing STWD Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Starwood Property Trust Inc shares have dropped approximately -6.61%. Shares of the company reached a 52-week high of $21.22 on 01/12/24 and a 52-week low of $18.68 on 02/13/24. A 50-day SMA is recorded $20.05, while a 200-day SMA reached $20.00. Nevertheless, trading volume fell to 1.63 million shares from 1.89 million shares the previous day.
Support And Resistance Levels for Starwood Property Trust Inc (STWD)
According to the 24-hour chart, there is a support level at 19.46, which, if violated, would cause prices to drop to 19.30. In the upper region, resistance lies at 19.92. The next price resistance is at 20.22. RSI (Relative Strength Index) is 40.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 91.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Starwood Property Trust Inc subject to short interest?
Stocks of Starwood Property Trust Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.75 million shares to 14.41 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 13.66 million shares. A jump of 5.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.45.
