Tri Pointe Homes Inc.’s filing revealed that its Officer (General Counsel & Sec David CH Lee acquired Company’s shares for reported $2.4 million on Aug 23 ’24. In the deal valued at $43.57 per share,55,000 shares were bought.
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Then, KEELER GLENN J. sold 24,200 shares, generating $1,117,072 in total proceeds. Upon selling the shares at $46.16, the CFO and CAO now owns 149,108 shares.
Before that, Glenn Keeler bought 24,200 shares. Tri Pointe Homes Inc. shares valued at $1,105,214 were divested by the Officer at a price of $45.67 per share.
Seaport Research Partners initiated its Tri Pointe Homes Inc. [TPH] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid March from “a Sector perform” to “an Outperform”. Wedbush also remained covering TPH and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Oppenheimer revised its rating on September 07, 2023. It rated TPH as “an Outperform” which previously was an “a Perform”.
Price Performance Review of TPH
On Tuesday, Tri Pointe Homes Inc. [NYSE:TPH] saw its stock fall -0.19% to $41.92. Over the last five days, the stock has lost -2.69%. Tri Pointe Homes Inc. shares have risen nearly 18.42% since the year began. Nevertheless, the stocks have risen 41.34% over the past one year. While a 52-week high of $47.78 was reached on 07/26/24, a 52-week low of $24.18 was recorded on 03/14/24. SMA at 50 days reached $42.29, while 200 days put it at $37.30.
Levels Of Support And Resistance For TPH Stock
The 24-hour chart illustrates a support level at 41.36, which if violated will result in even more drops to 40.81. On the upside, there is a resistance level at 42.40. A further resistance level may holdings at 42.89. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.05%. Stochastics %K at 11.35% indicates the stock is a buying.
How much short interest is there in Tri Pointe Homes Inc.?
A steep rise in short interest was recorded in Tri Pointe Homes Inc. stocks on 2024-08-15, growing by 0.16 million shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.8 million shares. There was a rise of 8.16%, which implies that there is a positive sentiment for the stock.
