In a filing, Beazer Homes USA Inc. revealed its EVP, General Counsel Belknap Keith L Jr unloaded Company’s shares for reported $2.67 million on Jul 16 ’24. In the deal valued at $33.06 per share,80,738 shares were sold. As a result of this transaction, Belknap Keith L Jr now holds 70,081 shares worth roughly $2.19 million.
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Then, Belknap Keith L Jr sold 13,300 shares, generating $414,561 in total proceeds. Upon selling the shares at $31.17, the EVP, General Counsel now owns 150,819 shares.
Before that, Belknap Keith L Jr sold 13,462 shares. Beazer Homes USA Inc. shares valued at $413,687 were divested by the EVP, General Counsel at a price of $30.73 per share. As a result of the transaction, Belknap Keith L Jr now holds 164,119 shares, worth roughly $5.13 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 Friday,, Beazer Homes USA Inc. [NYSE:BZH] saw its stock jump 0.77% to $31.28. Over the last five days, the stock has lost -3.72%. Beazer Homes USA Inc. shares have fallen nearly -7.43% since the year began. Nevertheless, the stocks have risen 8.39% over the past one year. While a 52-week high of $34.89 was reached on 07/31/24, a 52-week low of $22.03 was recorded on 05/02/24. SMA at 50 days reached $29.71, while 200 days put it at $29.73.
Levels Of Support And Resistance For BZH Stock
The 24-hour chart illustrates a support level at 30.83, which if violated will result in even more drops to 30.38. On the upside, there is a resistance level at 31.64. A further resistance level may holdings at 32.01. The Relative Strength Index (RSI) on the 14-day chart is 55.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.87%. Stochastics %K at 67.54% indicates the stock is a holding.
How much short interest is there in Beazer Homes USA Inc.?
A steep rise in short interest was recorded in Beazer Homes USA Inc. stocks on 2024-08-15, growing by 0.12 million shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.62 million shares. There was a rise of 6.76%, which implies that there is a positive sentiment for the stock.
