Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tri Pointe Homes Inc. shares valued at $426,025 were sold by BAUER DOUGLAS F. on May 10 ’24. At $39.73 per share, BAUER DOUGLAS F. sold 10,723 shares. The insider’s holdings dropped to 667,093 shares worth approximately $25.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BAUER DOUGLAS F. sold 56,567 shares, netting a total of over 2,250,235 in proceeds. Following the sale of shares at $39.78 each, the insider now holds 677,816 shares.
Before that, MITCHELL THOMAS J. had sold 51,533 shares from its account. In a trade valued at $1,814,992, the President and COO traded Tri Pointe Homes Inc. shares for $35.22 each. Upon closing the transaction, the insider’s holdings decreased to 51,533 shares, worth approximately $29.83 million.
As published in a research note from RBC Capital Mkts on March 13, 2024, Tri Pointe Homes Inc. [TPH] has been rated up from a Sector perform to an Outperform and the price target has been revised to $38. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of September 07, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for TPH. Earlier on August 07, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for TPH stock which previously was a “a Peer perform”.
Analyzing TPH Stock Performance
During the last five days, there has been a drop of approximately -4.81%. Over the course of the year, Tri Pointe Homes Inc. shares have jumped approximately 7.29%. Shares of the company reached a 52-week high of $40.98 on 05/15/24 and a 52-week low of $33.24 on 03/14/24. A 50-day SMA is recorded $37.31, while a 200-day SMA reached $32.67. Nevertheless, trading volume fell to 0.72 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Tri Pointe Homes Inc. (TPH)
According to the 24-hour chart, there is a support level at 37.64, which, if violated, would cause prices to drop to 37.29. In the upper region, resistance lies at 38.38. The next price resistance is at 38.77. RSI (Relative Strength Index) is 46.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 91.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
