Starwood Property Trust Inc’s filing revealed 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 $24.19 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 $18.75 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 1.18% to $19.72. Over the last five days, the stock has gained 0.77%. Starwood Property Trust Inc shares have fallen nearly -6.18% since the year began. Nevertheless, the stocks have risen 22.11% 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 $19.82, while 200 days put it at $19.95. A total of 1.79 million shares were traded, compared to the trading of 1.65 million shares in the previous session.
Levels Of Support And Resistance For STWD Stock
The 24-hour chart illustrates a support level at 19.62, which if violated will result in even more drops to 19.53. On the upside, there is a resistance level at 19.79. A further resistance level may holdings at 19.87. The Relative Strength Index (RSI) on the 14-day chart is 53.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.48%. Stochastics %K at 71.90% indicates the stock is a holding.
