In a filing, Douglas Emmett Inc revealed its Director SIMON WILLIAM E JR acquired Company’s shares for reported $0.59 million on Jun 10 ’24. In the deal valued at $13.15 per share,45,000 shares were bought. As a result of this transaction, SIMON WILLIAM E JR now holds 45,000 shares worth roughly $0.76 million.
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Then, SIMON WILLIAM E JR sold 91,000 shares, generating $1,269,141 in total proceeds. Upon selling the shares at $13.95, the Director now owns 0 shares.
Jefferies upgraded its Douglas Emmett Inc [DEI] rating to a Hold from a an Underperform in a research note published on January 02, 2024; the price target was increased to $15 from $10. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets began covering DEI with “Sector weight” recommendation on September 12, 2023. Piper Sandler revised its rating on September 05, 2023. It rated DEI as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of DEI
On Monday, Douglas Emmett Inc [NYSE:DEI] saw its stock jump 0.65% to $16.91. Over the last five days, the stock has gained 7.78%. Douglas Emmett Inc shares have risen nearly 16.62% since the year began. Nevertheless, the stocks have risen 26.48% over the past one year. While a 52-week high of $16.81 was reached on 09/16/24, a 52-week low of $10.76 was recorded on 02/13/24. SMA at 50 days reached $15.27, while 200 days put it at $14.11.
Levels Of Support And Resistance For DEI Stock
The 24-hour chart illustrates a support level at 16.64, which if violated will result in even more drops to 16.37. On the upside, there is a resistance level at 17.08. A further resistance level may holdings at 17.25. The Relative Strength Index (RSI) on the 14-day chart is 70.55, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.19%. Stochastics %K at 98.38% indicates the stock is a selling.
How much short interest is there in Douglas Emmett Inc?
A steep rise in short interest was recorded in Douglas Emmett Inc stocks on 2024-08-30, dropping by -1.32 million shares to a total of 20.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 21.43 million shares. There was a decline of -6.58%, which implies that there is a negative sentiment for the stock.
