Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. D.R. Horton Inc. shares valued at $301,400 were sold by BUCHANAN MICHAEL R on May 06 ’24. At $150.70 per share, BUCHANAN MICHAEL R sold 2,000 shares. The insider’s holdings dropped to 1,703 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Allen Barbara K sold 363 shares, netting a total of over 53,891 in proceeds. Following the sale of shares at $148.46 each, the insider now holds 5,650 shares.
Before that, Auld David V had sold 25,000 shares from its account. In a trade valued at $3,908,240, the Executive Vice Chair traded D.R. Horton Inc. shares for $156.33 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $133.54 million.
As published in a research note from Citigroup on July 02, 2024, D.R. Horton Inc. [DHI] has been rated down from a Buy to a Neutral and the price target has been revised to $156 from $181. Analysts at Wedbush downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of January 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for DHI. Earlier on December 13, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for DHI stock which previously was a “a Mkt perform”.
Analyzing DHI Stock Performance
During the last five days, there has been a drop of approximately -3.53%. Over the course of the year, D.R. Horton Inc. shares have jumped approximately 13.65%. Shares of the company reached a 52-week high of $185.43 on 07/31/24 and a 52-week low of $133.02 on 07/02/24. A 50-day SMA is recorded $153.56, while a 200-day SMA reached $145.66. Nevertheless, trading volume fell to 2.23 million shares from 3.2 million shares the previous day.
Support And Resistance Levels for D.R. Horton Inc. (DHI)
According to the 24-hour chart, there is a support level at 169.94, which, if violated, would cause prices to drop to 167.14. In the upper region, resistance lies at 174.59. The next price resistance is at 176.44. RSI (Relative Strength Index) is 58.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.87, which suggests the price will decrease in the coming days. Percent R is at 68.98%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
