Invitation Homes Inc’s filing revealed 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 $1.04 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 $10.19 million.
RBC Capital Mkts downgraded its Invitation Homes Inc [INVH] rating to a Sector perform from a an Outperform in a research note published on September 09, 2024; the price target was decreased to $36 from $37. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Wells Fargo also remained covering INVH and has decreased its forecast on August 26, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Evercore ISI revised its rating on July 26, 2024. It rated INVH as “an Outperform” which previously was an “an In-line”.
Price Performance Review of INVH
On Friday, Invitation Homes Inc [NYSE:INVH] saw its stock jump 2.04% to $37.02. Over the last five days, the stock has gained 2.98%. Invitation Homes Inc shares have risen nearly 8.53% since the year began. Nevertheless, the stocks have risen 7.96% over the past one year. While a 52-week high of $37.80 was reached on 09/04/24, a 52-week low of $28.49 was recorded on 02/13/24. SMA at 50 days reached $35.76, while 200 days put it at $34.65.
Levels Of Support And Resistance For INVH Stock
The 24-hour chart illustrates a support level at 36.61, which if violated will result in even more drops to 36.21. On the upside, there is a resistance level at 37.24. A further resistance level may holdings at 37.46. The Relative Strength Index (RSI) on the 14-day chart is 59.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.17%. Stochastics %K at 47.13% indicates the stock is a holding.
How much short interest is there in Invitation Homes Inc?
A steep rise in short interest was recorded in Invitation Homes Inc stocks on 2024-08-30, dropping by -1.91 million shares to a total of 10.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.25 million shares. There was a decline of -18.48%, which implies that there is a negative sentiment for the stock.
