Invitation Homes Inc’s recent filing unveils that its Director Barbe, Cohen Jana unloaded Company’s shares for reported $0.25 million on May 24 ’24. In the deal valued at $34.58 per share,7,200 shares were sold. As a result of this transaction, Barbe, Cohen Jana now holds 28,068 shares worth roughly $1.05 million.
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Then, Young Charles D. sold 60,582 shares, generating $2,105,224 in total proceeds. Upon selling the shares at $34.75, the President & COO now owns 214,714 shares.
Before that, Young Charles D. sold 5,000 shares. Invitation Homes Inc shares valued at $174,250 were divested by the President & COO at a price of $34.85 per share. As a result of the transaction, Young Charles D. now holds 275,296 shares, worth roughly $10.26 million.
Wells Fargo downgraded its Invitation Homes Inc [INVH] rating to an Equal weight from a an Overweight in a research note published on August 26, 2024; the price target was increased to $38 from $37. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late July from “an In-line” to “an Outperform”. Deutsche Bank also remained covering INVH and has increased its forecast on July 24, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on March 22, 2024. It rated INVH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of INVH
On Tuesday, Invitation Homes Inc [NYSE:INVH] saw its stock jump 1.17% to $37.27. Over the last five days, the stock has gained 4.02%. Invitation Homes Inc shares have risen nearly 9.26% since the year began. Nevertheless, the stocks have risen 9.33% over the past one year. While a 52-week high of $36.92 was reached on 09/03/24, a 52-week low of $28.49 was recorded on 02/13/24. SMA at 50 days reached $35.64, while 200 days put it at $34.52.
Levels Of Support And Resistance For INVH Stock
The 24-hour chart illustrates a support level at 36.81, which if violated will result in even more drops to 36.35. On the upside, there is a resistance level at 37.59. A further resistance level may holdings at 37.90. The Relative Strength Index (RSI) on the 14-day chart is 66.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.74%. Stochastics %K at 96.12% indicates the stock is a selling.
How much short interest is there in Invitation Homes Inc?
A steep rise in short interest was recorded in Invitation Homes Inc stocks on 2024-08-15, growing by 2.01 million shares to a total of 10.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 8.94 million shares. There was a rise of 18.36%, which implies that there is a positive sentiment for the stock.
