Starwood Property Trust Inc’s recent filing unveils that its President DiModica Jeffrey F. unloaded Company’s shares for reported $2.03 million on Mar 28 ’24. In the deal valued at $20.28 per share,100,000 shares were sold. As a result of this transaction, DiModica Jeffrey F. now holds 1,226,673 shares worth roughly $24.26 million.
Then, DiModica Jeffrey F. sold 25,000 shares, generating $508,242 in total proceeds. Upon selling the shares at $20.33, the President now owns 925,984 shares.
Before that, DiModica Jeffrey F. sold 75,000 shares. Starwood Property Trust Inc shares valued at $1,654,208 were divested by the President at a price of $22.06 per share. As a result of the transaction, DiModica Jeffrey F. now holds 950,984 shares, worth roughly $18.81 million.
BofA Securities downgraded its Starwood Property Trust Inc [STWD] rating to a Neutral from a a Buy in a research note published on March 04, 2024; the price target was decreased to $21.50 from $22.50. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Keefe Bruyette also remained covering STWD and has decreased its forecast on October 10, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of STWD
On Monday, Starwood Property Trust Inc [NYSE:STWD] saw its stock jump 0.56% to $19.78. Over the last five days, the stock has lost -1.10%. Starwood Property Trust Inc shares have fallen nearly -5.90% since the year began. Nevertheless, the stocks have risen 14.01% over the past one year. While a 52-week high of $22.29 was reached on 01/12/24, a 52-week low of $16.06 was recorded on 02/13/24. SMA at 50 days reached $20.02, while 200 days put it at $20.00. A total of 1.4 million shares were traded, compared to the trading of 1.43 million shares in the previous session.
Levels Of Support And Resistance For STWD Stock
The 24-hour chart illustrates a support level at 19.65, which if violated will result in even more drops to 19.53. On the upside, there is a resistance level at 19.86. A further resistance level may holdings at 19.95. The Relative Strength Index (RSI) on the 14-day chart is 44.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.49%. Stochastics %K at 16.88% indicates the stock is a buying.
How much short interest is there in Starwood Property Trust Inc?
A steep rise in short interest was recorded in Starwood Property Trust Inc stocks on Mar 15, 2024, growing by 0.75 million shares to a total of 14.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.66 million shares. There was a rise of 5.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.45.
