D.R. Horton Inc.’s recent filing unveils that its SVP, Controller and PAO Odom Aron M. unloaded Company’s shares for reported $0.19 million on Aug 23 ’24. In the deal valued at $191.25 per share,1,000 shares were sold. As a result of this transaction, Odom Aron M. now holds 6,457 shares worth roughly $1.21 million.
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Then, BUCHANAN MICHAEL R sold 2,000 shares, generating $301,400 in total proceeds. Upon selling the shares at $150.70, the Director now owns 1,703 shares.
Before that, Allen Barbara K sold 363 shares. D.R. Horton Inc. shares valued at $53,891 were divested by the Director at a price of $148.46 per share. As a result of the transaction, Allen Barbara K now holds 5,650 shares, worth roughly $1.06 million.
Citigroup downgraded its D.R. Horton Inc. [DHI] rating to a Neutral from a a Buy in a research note published on July 02, 2024; the price target was decreased to $156 from $181. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Seaport Research Partners also remained covering DHI and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on December 13, 2023. It rated DHI as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of DHI
On Tuesday, D.R. Horton Inc. [NYSE:DHI] saw its stock fall -0.80% to $187.54. Over the last five days, the stock has gained 4.42%. D.R. Horton Inc. shares have risen nearly 23.40% since the year began. Nevertheless, the stocks have risen 63.16% over the past one year. While a 52-week high of $193.63 was reached on 08/26/24, a 52-week low of $100.08 was recorded on 07/02/24. SMA at 50 days reached $163.20, while 200 days put it at $150.32.
Levels Of Support And Resistance For DHI Stock
The 24-hour chart illustrates a support level at 186.28, which if violated will result in even more drops to 185.03. On the upside, there is a resistance level at 188.67. A further resistance level may holdings at 189.81. The Relative Strength Index (RSI) on the 14-day chart is 65.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.73%. Stochastics%K at 84.80% indicates the stock is a selling.
How much short interest is there in D.R. Horton Inc.?
A steep rise in short interest was recorded in D.R. Horton Inc. stocks on 2024-07-31, dropping by -1.58 million shares to a total of 5.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.89 million shares. There was a decline of -29.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 27, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $119 price target.
