Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Douglas Elliman Inc shares valued at $16,946 were purchased by LAMPEN RICHARD on Nov 21 ’23. At $1.69 per share, LAMPEN RICHARD acquired 10,000 shares. The insider’s holdings grew to 1,621,097 shares worth approximately $2.38 million following the completion of this transaction.
Also, LAMPEN RICHARD purchased 10,000 shares, netting a total of over 17,433 in proceeds. Following the buying of shares at $1.74 each, the insider now holds 1,611,097 shares.
Before that, KRAMER RONALD J had added 20,000 shares to its account. In a trade valued at $51,600, the Director bought Douglas Elliman Inc shares for $2.58 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.14 million.
As published in their initiating research note from BTIG Research on July 18, 2023, Douglas Elliman Inc [DOUG] has been a Neutral. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late February.
Analyzing DOUG Stock Performance
During the last five days, there has been a drop of approximately -4.55%. Over the course of the year, Douglas Elliman Inc shares have dropped approximately -50.17%. Shares of the company reached a 52-week high of $3.0150 on 01/02/24 and a 52-week low of $1.3800 on 04/03/24. A 50-day SMA is recorded $1.8018, while a 200-day SMA reached $2.1236. Nevertheless, trading volume fell to 0.97 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Douglas Elliman Inc (DOUG)
According to the 24-hour chart, there is a support level at 1.4233, which, if violated, would cause prices to drop to 1.3767. In the upper region, resistance lies at 1.5333. The next price resistance is at 1.5967. RSI (Relative Strength Index) is 38.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0321, which suggests the price will decrease in the coming days. Percent R is at 78.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Douglas Elliman Inc subject to short interest?
Stocks of Douglas Elliman Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.57 million shares to 0.99 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.42 million shares. A jump of 57.28% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.09.
