Armada Hoffler Properties Inc’s recent filing unveils that its Director KIRK A RUSSELL acquired Company’s shares for reported $9364.0 on Apr 04 ’24. In the deal valued at $10.26 per share,913 shares were bought. As a result of this transaction, KIRK A RUSSELL now holds 46,593 shares worth roughly $0.5 million.
Then, Gartman Dennis H. bought 4,500 shares, generating $46,664 in total proceeds. Upon buying the shares at $10.37, the Director now owns 12,005 shares.
Before that, Allen George F bought 1,716 shares. Armada Hoffler Properties Inc shares valued at $18,258 were divested by the Director at a price of $10.64 per share. As a result of the transaction, Allen George F now holds 28,724 shares, worth roughly $0.31 million.
BofA Securities downgraded its Armada Hoffler Properties Inc [AHH] rating to an Underperform from a a Neutral in a research note published on October 25, 2021; the price target was decreased to $13.50 from $14. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Jefferies began covering AHH with “Buy” recommendation on July 23, 2021. DA Davidson revised its rating on April 15, 2021. It rated AHH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AHH
On Tuesday, Armada Hoffler Properties Inc [NYSE:AHH] saw its stock jump 2.66% to $10.82. Over the last five days, the stock has gained 5.66%. Armada Hoffler Properties Inc shares have fallen nearly -12.53% since the year began. Nevertheless, the stocks have fallen -10.13% over the past one year. While a 52-week high of $13.11 was reached on 01/08/24, a 52-week low of $9.81 was recorded on 03/26/24. SMA at 50 days reached $10.89, while 200 days put it at $11.30. A total of 0.67 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For AHH Stock
The 24-hour chart illustrates a support level at 10.65, which if violated will result in even more drops to 10.47. On the upside, there is a resistance level at 10.92. A further resistance level may holdings at 11.01. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.44%. Stochastics %K at 68.55% indicates the stock is a holding.
How much short interest is there in Armada Hoffler Properties Inc?
A steep rise in short interest was recorded in Armada Hoffler Properties Inc stocks on Mar 15, 2024, growing by 0.22 million shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.72 million shares. There was a rise of 23.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.8.
