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An Analysis of Dream Finders Homes Inc (DFH)’s Potential Price Growth

Dream Finders Homes Inc’s filing revealed that its President and CEO Zalupski Patrick O. unloaded Company’s shares for reported $1.12 million on Apr 19 ’24. In the deal valued at $33.37 per share,33,526 shares were sold. As a result of this transaction, Zalupski Patrick O. now holds 1,324,452 shares worth roughly $40.66 million.

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Then, Zalupski Patrick O. sold 30,433 shares, generating $1,059,246 in total proceeds. Upon selling the shares at $34.81, the President and CEO now owns 1,357,978 shares.

Before that, Zalupski Patrick O. sold 37,482 shares. Dream Finders Homes Inc shares valued at $1,519,502 were divested by the President and CEO at a price of $40.54 per share. As a result of the transaction, Zalupski Patrick O. now holds 1,391,260 shares, worth roughly $42.71 million.

RBC Capital Mkts downgraded its Dream Finders Homes Inc [DFH] rating to an Underperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “an Underperform” to “a Neutral”. BofA Securities also remained covering DFH and has decreased its forecast on June 17, 2022 with a “an Underperform” recommendation from previously “Neutral” rating.

Price Performance Review of DFH

On Tuesday, Dream Finders Homes Inc [NYSE:DFH] saw its stock jump 1.76% to $30.70. Over the last five days, the stock has lost -0.20%. Dream Finders Homes Inc shares have fallen nearly -13.59% since the year began. Nevertheless, the stocks have risen 89.51% over the past one year. While a 52-week high of $44.38 was reached on 03/28/24, a 52-week low of $16.20 was recorded on 05/09/24. SMA at 50 days reached $37.07, while 200 days put it at $30.11. A total of 0.35 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For DFH Stock

The 24-hour chart illustrates a support level at 30.25, which if violated will result in even more drops to 29.79. On the upside, there is a resistance level at 31.09. A further resistance level may holdings at 31.47. The Relative Strength Index (RSI) on the 14-day chart is 35.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.01%. Stochastics %K at 11.83% indicates the stock is a buying.

The most recent change occurred on February 18, 2021 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.

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