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Taking a Closer Look At Beazer Homes USA Inc. (BZH) Following Its Recent Trade


Beazer Homes USA Inc.’s recent filing unveils that its EVP, General Counsel Belknap Keith L Jr unloaded Company’s shares for reported $23291.0 on May 15 ’24. In the deal valued at $29.67 per share,785 shares were sold. As a result of this transaction, Belknap Keith L Jr now holds 180,819 shares worth roughly $4.75 million.

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Then, Belknap Keith L Jr sold 14,215 shares, generating $413,230 in total proceeds. Upon selling the shares at $29.07, the EVP, General Counsel now owns 181,604 shares.

Before that, Belknap Keith L Jr sold 15,000 shares. Beazer Homes USA Inc. shares valued at $424,650 were divested by the EVP, General Counsel at a price of $28.31 per share. As a result of the transaction, Belknap Keith L Jr now holds 195,819 shares, worth roughly $5.14 million.

Oppenheimer initiated its Beazer Homes USA Inc. [BZH] rating to an Outperform in a research note published on May 31, 2024; the price target was $37. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Outperform”. Sidoti also remained covering BZH and has increased its forecast on August 23, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wedbush revised its rating on August 18, 2023. It rated BZH as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of BZH

On Tuesday, Beazer Homes USA Inc. [NYSE:BZH] saw its stock fall -1.54% to $26.27. Over the last five days, the stock has lost -3.81%. Beazer Homes USA Inc. shares have fallen nearly -22.26% since the year began. Nevertheless, the stocks have fallen -7.14% over the past one year. While a 52-week high of $35.93 was reached on 01/02/24, a 52-week low of $22.03 was recorded on 05/02/24. SMA at 50 days reached $28.05, while 200 days put it at $28.62. A total of 0.32 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For BZH Stock

The 24-hour chart illustrates a support level at 26.01, which if violated will result in even more drops to 25.76. On the upside, there is a resistance level at 26.46. A further resistance level may holdings at 26.65. The Relative Strength Index (RSI) on the 14-day chart is 38.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.15%. Stochastics%K at 10.18% indicates the stock is a buying.

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