In a filing, American Homes 4 Rent revealed its Director BENHAM DOUGLAS N unloaded Company’s shares for reported $62139.0 on May 15 ’24. In the deal valued at $36.55 per share,1,700 shares were sold. As a result of this transaction, BENHAM DOUGLAS N now holds 21,044 shares worth roughly $0.8 million.
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Then, BENHAM DOUGLAS N bought 500 shares, generating $11,244 in total proceeds. Upon buying the shares at $22.49, the Director now owns 16,521 shares.
Before that, BENHAM DOUGLAS N bought 8,081 shares. American Homes 4 Rent shares valued at $188,431 were divested by the Director at a price of $23.32 per share. As a result of the transaction, BENHAM DOUGLAS N now holds 35,997 shares, worth roughly $1.36 million.
Goldman initiated its American Homes 4 Rent [AMH] rating to a Buy in a research note published on September 04, 2024; the price target was $48. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Equal weight” to “an Overweight”. Citigroup also remained covering AMH and has increased its forecast on March 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated AMH as “a Buy”.
Price Performance Review of AMH
On Friday, American Homes 4 Rent [NYSE:AMH] saw its stock jump 1.17% to $37.89. Over the last five days, the stock has lost -1.17%. American Homes 4 Rent shares have risen nearly 5.37% since the year began. Nevertheless, the stocks have risen 7.83% over the past one year. While a 52-week high of $41.41 was reached on 09/16/24, a 52-week low of $31.36 was recorded on 02/13/24. SMA at 50 days reached $38.84, while 200 days put it at $36.67.
Levels Of Support And Resistance For AMH Stock
The 24-hour chart illustrates a support level at 37.53, which if violated will result in even more drops to 37.18. On the upside, there is a resistance level at 38.11. A further resistance level may holdings at 38.34. The Relative Strength Index (RSI) on the 14-day chart is 41.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.92%. Stochastics %K at 14.10% indicates the stock is a buying.
How much short interest is there in American Homes 4 Rent?
A steep rise in short interest was recorded in American Homes 4 Rent stocks on 2024-09-30, dropping by -0.29 million shares to a total of 10.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.31 million shares. There was a decline of -2.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 22, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $42 price target.
