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Analyzing D.R. Horton Inc. (DHI) After Recent Trading Activity

D.R. Horton Inc.’s recently made public that its Director Allen Barbara K unloaded Company’s shares for reported $53891.0 on Apr 23 ’24. In the deal valued at $148.46 per share,363 shares were sold. As a result of this transaction, Allen Barbara K now holds 5,650 shares worth roughly $0.81 million.

Then, Auld David V sold 25,000 shares, generating $3,908,240 in total proceeds. Upon selling the shares at $156.33, the Executive Vice Chair now owns 773,121 shares.

Before that, Allen Barbara K sold 203 shares. D.R. Horton Inc. shares valued at $30,969 were divested by the Director at a price of $152.56 per share. As a result of the transaction, Allen Barbara K now holds 5,650 shares, worth roughly $0.81 million.

Wedbush downgraded its D.R. Horton Inc. [DHI] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Keefe Bruyette also remained covering DHI and has increased its forecast on December 13, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Jefferies started covering the stock on November 27, 2023. It rated DHI as “a Hold”.

Price Performance Review of DHI

On Tuesday, D.R. Horton Inc. [NYSE:DHI] saw its stock fall -2.38% to $142.49. Over the last five days, the stock has lost -3.74%. D.R. Horton Inc. shares have fallen nearly -6.24% since the year began. Nevertheless, the stocks have risen 29.75% over the past one year. While a 52-week high of $165.75 was reached on 04/01/24, a 52-week low of $100.08 was recorded on 01/24/24. SMA at 50 days reached $151.64, while 200 days put it at $133.28. A total of 2.41 million shares were traded, compared to the trading of 1.61 million shares in the previous session.

Levels Of Support And Resistance For DHI Stock

The 24-hour chart illustrates a support level at 141.33, which if violated will result in even more drops to 140.17. On the upside, there is a resistance level at 144.53. A further resistance level may holdings at 146.57. The Relative Strength Index (RSI) on the 14-day chart is 38.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.54%. Stochastics %K at 29.13% indicates the stock is a holding.

The most recent change occurred on October 17, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $123 price target.

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