Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dream Finders Homes Inc shares valued at $1,118,802 were sold by Zalupski Patrick O. on Apr 19 ’24. At $33.37 per share, Zalupski Patrick O. sold 33,526 shares. The insider’s holdings dropped to 1,324,452 shares worth approximately $40.4 million following the completion of this transaction.
Also, Zalupski Patrick O. sold 30,433 shares, netting a total of over 1,059,246 in proceeds. Following the sale of shares at $34.81 each, the insider now holds 1,357,978 shares.
Before that, Zalupski Patrick O. had sold 37,482 shares from its account. In a trade valued at $1,519,502, the President and CEO traded Dream Finders Homes Inc shares for $40.54 each. Upon closing the transaction, the insider’s holdings decreased to 37,482 shares, worth approximately $42.43 million.
As published in a research note from RBC Capital Mkts on January 13, 2023, Dream Finders Homes Inc [DFH] has been rated down from a Sector perform to an Underperform and the price target has been revised to $8. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of June 17, 2022, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for DFH.
Analyzing DFH Stock Performance
During the last five days, there has been a drop of approximately -5.51%. Over the course of the year, Dream Finders Homes Inc shares have dropped approximately -14.16%. Shares of the company reached a 52-week high of $44.38 on 03/28/24 and a 52-week low of $29.58 on 05/09/24. A 50-day SMA is recorded $37.57, while a 200-day SMA reached $30.03. Nevertheless, trading volume fell to 0.56 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Dream Finders Homes Inc (DFH)
According to the 24-hour chart, there is a support level at 29.72, which, if violated, would cause prices to drop to 28.94. In the upper region, resistance lies at 31.14. The next price resistance is at 31.78. RSI (Relative Strength Index) is 32.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.31, which suggests the price will decrease in the coming days. Percent R is at 88.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
