Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. D.R. Horton Inc. shares valued at $3,908,240 were sold by Auld David V on Mar 20 ’24. At $156.33 per share, Auld David V sold 25,000 shares. The insider’s holdings dropped to 773,121 shares worth approximately $114.62 million following the completion of this transaction.
Also, Allen Barbara K sold 203 shares, netting a total of over 30,969 in proceeds. Following the sale of shares at $152.56 each, the insider now holds 5,650 shares.
Before that, Allen Barbara K had sold 449 shares from its account. In a trade valued at $67,076, the Director traded D.R. Horton Inc. shares for $149.39 each. Upon closing the transaction, the insider’s holdings decreased to 449 shares, worth approximately $0.84 million.
As published in a research note from Wedbush on April 02, 2024, D.R. Horton Inc. [DHI] has been rated down from a Neutral to an Underperform and the price target has been revised to $130. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of December 13, 2023, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for DHI. Earlier on November 27, 2023, Jefferies initiated its rating. Their recommendation was “a Hold” for DHI stock.
Analyzing DHI Stock Performance
During the last five days, there has been a drop of approximately -6.06%. Over the course of the year, D.R. Horton Inc. shares have dropped approximately -2.45%. Shares of the company reached a 52-week high of $165.75 on 04/01/24 and a 52-week low of $138.83 on 01/24/24. A 50-day SMA is recorded $151.23, while a 200-day SMA reached $131.53. Nevertheless, trading volume fell to 3.34 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for D.R. Horton Inc. (DHI)
According to the 24-hour chart, there is a support level at 146.71, which, if violated, would cause prices to drop to 145.18. In the upper region, resistance lies at 151.24. The next price resistance is at 154.24. RSI (Relative Strength Index) is 40.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.28, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is D.R. Horton Inc. subject to short interest?
Stocks of D.R. Horton Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.36 million shares to 4.99 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.35 million shares. A decline of -7.21% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.94 of the overall float, the days-to-cover ratio (short ratio) decline to 1.94.
