Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Douglas Emmett Inc shares valued at $1,269,141 were sold by SIMON WILLIAM E JR on Dec 06 ’23. At $13.95 per share, SIMON WILLIAM E JR sold 91,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, SIMON WILLIAM E JR purchased 10,000 shares, netting a total of over 124,186 in proceeds. Following the buying of shares at $12.42 each, the insider now holds 91,000 shares.
As published in a research note from Jefferies on January 02, 2024, Douglas Emmett Inc [DEI] has been rated up from an Underperform to a Hold and the price target has been revised to $15 from $10. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of September 12, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for DEI. Earlier on September 05, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for DEI stock which previously was a “an Overweight”.
Analyzing DEI Stock Performance
During the last five days, there has been a surge of approximately 3.21%. Over the course of the year, Douglas Emmett Inc shares have dropped approximately -6.97%. Shares of the company reached a 52-week high of $15.11 on 01/23/24 and a 52-week low of $12.35 on 02/13/24. A 50-day SMA is recorded $13.38, while a 200-day SMA reached $13.29. Nevertheless, trading volume fell to 1.82 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Douglas Emmett Inc (DEI)
According to the 24-hour chart, there is a support level at 13.24, which, if violated, would cause prices to drop to 12.99. In the upper region, resistance lies at 13.68. The next price resistance is at 13.87. RSI (Relative Strength Index) is 50.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 57.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Douglas Emmett Inc subject to short interest?
Stocks of Douglas Emmett Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 3.41 million shares to 20.62 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 17.21 million shares. A jump of 16.54% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.94.
