Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Invitation Homes Inc shares valued at $347,500 were sold by Olsen Jonathan S. on Mar 15 ’24. At $34.75 per share, Olsen Jonathan S. sold 10,000 shares. The insider’s holdings dropped to 37,037 shares worth approximately $1.26 million following the completion of this transaction.
As published in a research note from Citigroup on March 22, 2024, Invitation Homes Inc [INVH] has been rated down from a Buy to a Neutral and the price target has been revised to $39. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid March. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for INVH. Earlier on January 22, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for INVH stock.
Analyzing INVH Stock Performance
During the last five days, there has been a drop of approximately -0.67%. Over the course of the year, Invitation Homes Inc shares have dropped approximately -0.09%. Shares of the company reached a 52-week high of $35.70 on 04/01/24 and a 52-week low of $31.98 on 02/13/24. A 50-day SMA is recorded $34.42, while a 200-day SMA reached $33.59. Nevertheless, trading volume fell to 4.34 million shares from 4.37 million shares the previous day.
Support And Resistance Levels for Invitation Homes Inc (INVH)
According to the 24-hour chart, there is a support level at 33.50, which, if violated, would cause prices to drop to 32.92. In the upper region, resistance lies at 34.64. The next price resistance is at 35.19. RSI (Relative Strength Index) is 47.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 50.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
