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RBC Capital Mkts downgrades Dream Finders Homes Inc (DFH) rating to an Underperform

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In a filing, Dream Finders Homes Inc revealed its Officer Patrick Zalupski acquired Company’s shares for reported $16.59 million on Aug 26 ’24. In the deal valued at $33.19 per share,499,996 shares were bought.

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Then, Lovett William Radford II sold 27,760 shares, generating $920,089 in total proceeds. Upon selling the shares at $33.14, the Director now owns 4,886,364 shares.

Before that, Lovett William Radford II sold 16,466 shares. Dream Finders Homes Inc shares valued at $506,023 were divested by the Director at a price of $30.73 per share. As a result of the transaction, Lovett William Radford II now holds 4,914,124 shares, worth roughly $163.1 million.

RBC Capital Mkts downgraded its Dream Finders Homes Inc [DFH] rating to an Underperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “an Underperform” to “a Neutral”. BofA Securities also remained covering DFH and has decreased its forecast on June 17, 2022 with a “an Underperform” recommendation from previously “Neutral” rating.

Price Performance Review of DFH

On Monday, Dream Finders Homes Inc [NYSE:DFH] saw its stock fall -1.25% to $33.19. Over the last five days, the stock has gained 13.70%. Dream Finders Homes Inc shares have fallen nearly -6.59% since the year began. Nevertheless, the stocks have risen 24.82% over the past one year. While a 52-week high of $44.38 was reached on 03/28/24, a 52-week low of $18.29 was recorded on 08/05/24. SMA at 50 days reached $28.24, while 200 days put it at $31.53.

Levels Of Support And Resistance For DFH Stock

The 24-hour chart illustrates a support level at 32.61, which if violated will result in even more drops to 32.04. On the upside, there is a resistance level at 34.10. A further resistance level may holdings at 35.02. The Relative Strength Index (RSI) on the 14-day chart is 67.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.71%. Stochastics %K at 94.15% indicates the stock is a selling.

How much short interest is there in Dream Finders Homes Inc?

A steep rise in short interest was recorded in Dream Finders Homes Inc stocks on 2024-07-31, growing by 0.71 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.83 million shares. There was a rise of 20.06%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 18, 2021 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.

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