Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Anywhere Real Estate Inc shares valued at $49,996 were purchased by Williams Felicia on Mar 08 ’24. At $5.93 per share, Williams Felicia acquired 8,424 shares. The insider’s holdings grew to 60,055 shares worth approximately $0.34 million following the completion of this transaction.
Also, Silva Enrique purchased 15,000 shares, netting a total of over 81,255 in proceeds. Following the buying of shares at $5.42 each, the insider now holds 112,216 shares.
Before that, WILLIAMS MICHAEL J had added 15,000 shares to its account. In a trade valued at $78,870, the Director bought Anywhere Real Estate Inc shares for $5.26 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $1.11 million.
As published in a research note from JP Morgan on December 18, 2023, Anywhere Real Estate Inc [HOUS] has been rated down from a Neutral to an Underweight and the price target has been revised to $7. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of February 28, 2023, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for HOUS. Earlier on December 16, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for HOUS stock which previously was a “an Overweight”.
Analyzing HOUS Stock Performance
During the last five days, there has been a drop of approximately -5.74%. Over the course of the year, Anywhere Real Estate Inc shares have dropped approximately -31.20%. Shares of the company reached a 52-week high of $8.00 on 01/02/24 and a 52-week low of $4.66 on 03/15/24. A 50-day SMA is recorded $6.25, while a 200-day SMA reached $6.49. Nevertheless, trading volume fell to 1.43 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Anywhere Real Estate Inc (HOUS)
According to the 24-hour chart, there is a support level at 5.45, which, if violated, would cause prices to drop to 5.32. In the upper region, resistance lies at 5.65. The next price resistance is at 5.72. RSI (Relative Strength Index) is 44.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 72.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Anywhere Real Estate Inc subject to short interest?
Stocks of Anywhere Real Estate Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.78 million shares to 8.04 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.26 million shares. A jump of 22.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.39.
