Starwood Property Trust Inc’s recent filing unveils that its President DiModica Jeffrey F. unloaded Company’s shares for reported $2.03 million on Mar 28 ’24. In the deal valued at $20.28 per share,100,000 shares were sold. As a result of this transaction, DiModica Jeffrey F. now holds 1,226,673 shares worth roughly $24.56 million.
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Then, DiModica Jeffrey F. sold 25,000 shares, generating $508,242 in total proceeds. Upon selling the shares at $20.33, the President now owns 925,984 shares.
Before that, DiModica Jeffrey F. sold 75,000 shares. Starwood Property Trust Inc shares valued at $1,654,208 were divested by the President at a price of $22.06 per share. As a result of the transaction, DiModica Jeffrey F. now holds 950,984 shares, worth roughly $19.04 million.
Keefe Bruyette upgraded its Starwood Property Trust Inc [STWD] rating to an Outperform from a a Mkt perform in a research note published on September 05, 2024; the price target was increased to $22.50 from $20.50. Wolfe Research began covering STWD with “Peer perform” recommendation on June 25, 2024. BofA Securities revised its rating on March 04, 2024. It rated STWD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of STWD
On Tuesday, Starwood Property Trust Inc [NYSE:STWD] saw its stock jump 0.15% to $20.02. Over the last five days, the stock has gained 1.16%. Starwood Property Trust Inc shares have fallen nearly -4.76% since the year began. Nevertheless, the stocks have risen 6.21% over the past one year. While a 52-week high of $22.29 was reached on 01/12/24, a 52-week low of $17.07 was recorded on 05/29/24. SMA at 50 days reached $20.10, while 200 days put it at $19.90.
Levels Of Support And Resistance For STWD Stock
The 24-hour chart illustrates a support level at 19.96, which if violated will result in even more drops to 19.90. On the upside, there is a resistance level at 20.10. A further resistance level may holdings at 20.18. The Relative Strength Index (RSI) on the 14-day chart is 48.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.43%. Stochastics %K at 25.93% indicates the stock is a holding.
How much short interest is there in Starwood Property Trust Inc?
A steep rise in short interest was recorded in Starwood Property Trust Inc stocks on 2024-09-30, growing by 1.03 million shares to a total of 14.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.19 million shares. There was a rise of 7.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 06, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
