Tri Pointe Homes Inc.’s filing revealed that its General Counsel & Secretary LEE DAVID CH unloaded Company’s shares for reported $0.22 million on Sep 13 ’24. In the deal valued at $44.28 per share,5,000 shares were sold. As a result of this transaction, LEE DAVID CH now holds 85,792 shares worth roughly $-3.85 million.
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Then, David CH Lee bought 55,000 shares, generating $2,396,350 in total proceeds.
Before that, KEELER GLENN J. sold 24,200 shares. Tri Pointe Homes Inc. shares valued at $1,117,072 were divested by the CFO and CAO at a price of $46.16 per share. As a result of the transaction, KEELER GLENN J. now holds 149,108 shares, worth roughly $6.69 million.
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 Monday, Tri Pointe Homes Inc. [NYSE:TPH] saw its stock jump 2.75% to $44.86. Over the last five days, the stock has gained 2.87%. Tri Pointe Homes Inc. shares have risen nearly 26.72% since the year began. Nevertheless, the stocks have risen 69.80% 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 $43.35, while 200 days put it at $38.80.
Levels Of Support And Resistance For TPH Stock
The 24-hour chart illustrates a support level at 43.90, which if violated will result in even more drops to 42.94. On the upside, there is a resistance level at 45.40. A further resistance level may holdings at 45.94. The Relative Strength Index (RSI) on the 14-day chart is 56.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.64%. Stochastics %K at 35.11% indicates the stock is a holding.
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 2024-09-30, dropping by -0.17 million shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.16 million shares. There was a decline of -8.6%, which implies that there is a negative sentiment for the stock.
