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Recent Insider Activity Could Benefit Starwood Property Trust Inc (STWD)

Starwood Property Trust Inc’s recent filing unveils 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 $23.29 million.

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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 $18.06 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 0.26% to $18.99. Over the last five days, the stock has lost -3.01%. Starwood Property Trust Inc shares have fallen nearly -9.66% since the year began. Nevertheless, the stocks have fallen -0.84% over the past one year. While a 52-week high of $22.29 was reached on 01/12/24, a 52-week low of $17.07 was recorded on 05/29/24. SMA at 50 days reached $19.56, while 200 days put it at $19.88. A total of 1.57 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For STWD Stock

The 24-hour chart illustrates a support level at 18.78, which if violated will result in even more drops to 18.58. On the upside, there is a resistance level at 19.15. A further resistance level may holdings at 19.32. The Relative Strength Index (RSI) on the 14-day chart is 41.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.35%. Stochastics %K at 27.02% indicates the stock is a holding.

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