Armada Hoffler Properties Inc’s recently made public that its Director Hoffler Daniel A acquired Company’s shares for reported $1.0 million on Sep 26 ’24. In the deal valued at $10.50 per share,95,238 shares were bought. As a result of this transaction, Hoffler Daniel A now holds 266,647 shares worth roughly $2.89 million.
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Then, Haddad Louis S bought 95,238 shares, generating $999,999 in total proceeds. Upon buying the shares at $10.50, the CEO now owns 577,143 shares.
Before that, Wimbush Frederick Blair bought 9,523 shares. Armada Hoffler Properties Inc shares valued at $99,992 were divested by the Director at a price of $10.50 per share. As a result of the transaction, Wimbush Frederick Blair now holds 17,612 shares, worth roughly $0.19 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Hold”. BofA Securities also remained covering AHH and has decreased its forecast on October 25, 2021 with a “an Underperform” recommendation from previously “Neutral” rating. Stifel started covering the stock on September 22, 2021. It rated AHH as “a Buy”.
Price Performance Review of AHH
On Monday, Armada Hoffler Properties Inc [NYSE:AHH] saw its stock fall -0.82% to $10.83. Over the last five days, the stock has lost -10.12%. Armada Hoffler Properties Inc shares have fallen nearly -12.45% since the year began. Nevertheless, the stocks have risen 5.66% over the past one year. While a 52-week high of $13.11 was reached on 01/08/24, a 52-week low of $9.81 was recorded on 03/26/24. SMA at 50 days reached $11.79, while 200 days put it at $11.40.
Levels Of Support And Resistance For AHH Stock
The 24-hour chart illustrates a support level at 10.69, which if violated will result in even more drops to 10.55. On the upside, there is a resistance level at 11.01. A further resistance level may holdings at 11.19. The Relative Strength Index (RSI) on the 14-day chart is 31.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.55%. Stochastics %K at 6.12% indicates the stock is a buying.
How much short interest is there in Armada Hoffler Properties Inc?
A steep rise in short interest was recorded in Armada Hoffler Properties Inc stocks on 2024-09-13, dropping by -0.28 million shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.21 million shares. There was a decline of -30.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 23, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.
