In a filing, Invitation Homes Inc revealed its EVP&CFO Olsen Jonathan S. unloaded Company’s shares for reported $0.35 million on Mar 15 ’24. In the deal valued at $34.75 per share,10,000 shares were sold. As a result of this transaction, Olsen Jonathan S. now holds 37,037 shares worth roughly $1.22 million.
Citigroup downgraded its Invitation Homes Inc [INVH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “an In-line”. Deutsche Bank began covering INVH with “Hold” recommendation on January 30, 2024. Exane BNP Paribas started covering the stock on January 22, 2024. It rated INVH as “an Outperform”.
Price Performance Review of INVH
On Tuesday, Invitation Homes Inc [NYSE:INVH] saw its stock fall -1.55% to $33.04. Over the last five days, the stock has lost -7.11%. Invitation Homes Inc shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have risen 2.61% over the past one year. While a 52-week high of $36.53 was reached on 04/01/24, a 52-week low of $28.49 was recorded on 02/13/24. SMA at 50 days reached $34.12, while 200 days put it at $33.64. A total of 1.84 million shares were traded, compared to the trading of 2.59 million shares in the previous session.
Levels Of Support And Resistance For INVH Stock
The 24-hour chart illustrates a support level at 32.89, which if violated will result in even more drops to 32.74. On the upside, there is a resistance level at 33.30. A further resistance level may holdings at 33.57. The Relative Strength Index (RSI) on the 14-day chart is 35.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.52%. Stochastics %K at 4.84% indicates the stock is a buying.
