Tri Pointe Homes Inc.’s recent filing unveils that its Chief Executive Officer BAUER DOUGLAS F. unloaded Company’s shares for reported $0.43 million on May 10 ’24. In the deal valued at $39.73 per share,10,723 shares were sold. As a result of this transaction, BAUER DOUGLAS F. now holds 667,093 shares worth roughly $30.77 million.
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Then, BAUER DOUGLAS F. sold 56,567 shares, generating $2,250,235 in total proceeds. Upon selling the shares at $39.78, the Chief Executive Officer now owns 677,816 shares.
Before that, MITCHELL THOMAS J. sold 51,533 shares. Tri Pointe Homes Inc. shares valued at $1,814,992 were divested by the President and COO at a price of $35.22 per share. As a result of the transaction, MITCHELL THOMAS J. now holds 785,543 shares, worth roughly $36.23 million.
RBC Capital Mkts upgraded its Tri Pointe Homes Inc. [TPH] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. Oppenheimer also remained covering TPH and has increased its forecast on September 07, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Wolfe Research revised its rating on August 07, 2023. It rated TPH as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of TPH
On Friday, Tri Pointe Homes Inc. [NYSE:TPH] saw its stock jump 1.77% to $46.12. Over the last five days, the stock has gained 2.92%. Tri Pointe Homes Inc. shares have risen nearly 30.28% since the year began. Nevertheless, the stocks have risen 41.60% over the past one year. While a 52-week high of $47.15 was reached on 07/26/24, a 52-week low of $24.18 was recorded on 03/14/24. SMA at 50 days reached $39.32, while 200 days put it at $34.84. A total of 1.21 million shares were traded, compared to the trading of 1.53 million shares in the previous session.
Levels Of Support And Resistance For TPH Stock
The 24-hour chart illustrates a support level at 45.56, which if violated will result in even more drops to 45.00. On the upside, there is a resistance level at 47.23. A further resistance level may holdings at 48.34. The Relative Strength Index (RSI) on the 14-day chart is 74.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.63%. Stochastics%K at 84.37% indicates the stock is a selling.
The most recent change occurred on June 01, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
