Starwood Property Trust Inc’s recent filing unveils that its President DiModica Jeffrey F. unloaded Company’s shares for reported $2.03 million on Mar 28 ’24. In the deal valued at $20.28 per share,100,000 shares were sold. As a result of this transaction, DiModica Jeffrey F. now holds 1,226,673 shares worth roughly $23.92 million.
Then, DiModica Jeffrey F. sold 25,000 shares, generating $508,242 in total proceeds. Upon selling the shares at $20.33, the President now owns 925,984 shares.
Before that, DiModica Jeffrey F. sold 75,000 shares. Starwood Property Trust Inc shares valued at $1,654,208 were divested by the President at a price of $22.06 per share. As a result of the transaction, DiModica Jeffrey F. now holds 950,984 shares, worth roughly $18.54 million.
BofA Securities downgraded its Starwood Property Trust Inc [STWD] rating to a Neutral from a a Buy in a research note published on March 04, 2024; the price target was decreased to $21.50 from $22.50. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Keefe Bruyette also remained covering STWD and has decreased its forecast on October 10, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of STWD
On Monday, Starwood Property Trust Inc [NYSE:STWD] saw its stock jump 0.62% to $19.50. Over the last five days, the stock has gained 2.58%. Starwood Property Trust Inc shares have fallen nearly -7.23% since the year began. Nevertheless, the stocks have risen 11.75% over the past one year. While a 52-week high of $22.29 was reached on 01/12/24, a 52-week low of $16.06 was recorded on 02/13/24. SMA at 50 days reached $19.84, while 200 days put it at $20.01. A total of 2.31 million shares were traded, compared to the trading of 1.29 million shares in the previous session.
Levels Of Support And Resistance For STWD Stock
The 24-hour chart illustrates a support level at 19.34, which if violated will result in even more drops to 19.18. On the upside, there is a resistance level at 19.64. A further resistance level may holdings at 19.78. The Relative Strength Index (RSI) on the 14-day chart is 47.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.98%. Stochastics %K at 44.17% indicates the stock is a holding.
