Forestar Group Inc’s recently made public that its Chief Executive Officer BARTOK DANIEL C unloaded Company’s shares for reported $34225.0 on Dec 27 ’23. In the deal valued at $34.23 per share,1,000 shares were sold. As a result of this transaction, BARTOK DANIEL C now holds 20,000 shares worth roughly $0.81 million.
Then, BARTOK DANIEL C sold 949 shares, generating $32,978 in total proceeds. Upon selling the shares at $34.75, the Chief Executive Officer now owns 21,000 shares.
Before that, Ringler G.F. (Rick) III sold 2,000 shares. Forestar Group Inc shares valued at $66,475 were divested by the Director at a price of $33.24 per share. As a result of the transaction, Ringler G.F. (Rick) III now holds 7,267 shares, worth roughly $0.3 million.
BTIG Research upgraded its Forestar Group Inc [FOR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Wells Fargo began covering FOR with “an Overweight” recommendation on April 16, 2021. Wolfe Research started covering the stock on March 16, 2021. It rated FOR as “an Outperform”.
Price Performance Review of FOR
On Tuesday, Forestar Group Inc [NYSE:FOR] saw its stock jump 2.96% to $40.75. Over the last five days, the stock has gained 5.46%. Forestar Group Inc shares have risen nearly 23.22% since the year began. Nevertheless, the stocks have risen 174.41% over the past one year. While a 52-week high of $40.92 was reached on 03/28/24, a 52-week low of $14.50 was recorded on 02/05/24. SMA at 50 days reached $34.95, while 200 days put it at $30.21. A total of 0.27 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For FOR Stock
The 24-hour chart illustrates a support level at 40.02, which if violated will result in even more drops to 39.28. On the upside, there is a resistance level at 41.14. A further resistance level may holdings at 41.52. The Relative Strength Index (RSI) on the 14-day chart is 68.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.42%. Stochastics %K at 80.88% indicates the stock is a selling.
How much short interest is there in Forestar Group Inc?
A steep rise in short interest was recorded in Forestar Group Inc stocks on Mar 15, 2024, growing by 0.11 million shares to a total of 0.6 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.49 million shares. There was a rise of 17.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.85.
The most recent change occurred on April 29, 2020 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
