Douglas Emmett Inc’s filing revealed that its Director SIMON WILLIAM E JR unloaded Company’s shares for reported $1.27 million on Dec 06 ’23. In the deal valued at $13.95 per share,91,000 shares were sold. As a result of this transaction, SIMON WILLIAM E JR now holds 0 shares worth roughly $0.0.
Then, SIMON WILLIAM E JR bought 10,000 shares, generating $124,186 in total proceeds. Upon buying the shares at $12.42, the Director now owns 91,000 shares.
Jefferies upgraded its Douglas Emmett Inc [DEI] rating to a Hold from a an Underperform in a research note published on January 02, 2024; the price target was increased to $15 from $10. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets began covering DEI with “Sector weight” recommendation on September 12, 2023. Piper Sandler revised its rating on September 05, 2023. It rated DEI as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of DEI
On Monday, Douglas Emmett Inc [NYSE:DEI] saw its stock jump 4.88% to $13.76. Over the last five days, the stock has gained 3.23%. Douglas Emmett Inc shares have fallen nearly -5.10% since the year began. Nevertheless, the stocks have risen 10.17% over the past one year. While a 52-week high of $16.12 was reached on 01/23/24, a 52-week low of $10.09 was recorded on 02/13/24. SMA at 50 days reached $13.43, while 200 days put it at $13.26. A total of 1.02 million shares were traded, compared to the trading of 1.57 million shares in the previous session.
Levels Of Support And Resistance For DEI Stock
The 24-hour chart illustrates a support level at 13.44, which if violated will result in even more drops to 13.12. On the upside, there is a resistance level at 13.93. A further resistance level may holdings at 14.10. The Relative Strength Index (RSI) on the 14-day chart is 54.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.73%. Stochastics %K at 32.66% indicates the stock is a holding.
How much short interest is there in Douglas Emmett Inc?
A steep rise in short interest was recorded in Douglas Emmett Inc stocks on Mar 15, 2024, dropping by -1.49 million shares to a total of 19.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 20.57 million shares. There was a decline of -7.81%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.37.
