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Potential Price Increase for Invitation Homes Inc (INVH) After Recent Insider Activity

Invitation Homes Inc’s recently made public that its Director Barbe, Cohen Jana unloaded Company’s shares for reported $0.25 million on May 24 ’24. In the deal valued at $34.58 per share,7,200 shares were sold. As a result of this transaction, Barbe, Cohen Jana now holds 28,068 shares worth roughly $0.95 million.

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Then, Young Charles D. sold 60,582 shares, generating $2,105,224 in total proceeds. Upon selling the shares at $34.75, the President & COO now owns 214,714 shares.

Before that, Young Charles D. sold 5,000 shares. Invitation Homes Inc shares valued at $174,250 were divested by the President & COO at a price of $34.85 per share. As a result of the transaction, Young Charles D. now holds 275,296 shares, worth roughly $9.28 million.

BofA Securities downgraded its Invitation Homes Inc [INVH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early September from “an Outperform” to “a Sector perform”. Goldman began covering INVH with “Buy” recommendation on September 04, 2024. Wells Fargo revised its rating on August 26, 2024. It rated INVH as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of INVH

On Monday, Invitation Homes Inc [NYSE:INVH] saw its stock fall -1.23% to $33.71. Over the last five days, the stock has lost -0.15%. Invitation Homes Inc shares have fallen nearly -1.17% since the year began. Nevertheless, the stocks have risen 6.81% over the past one year. While a 52-week high of $37.80 was reached on 09/04/24, a 52-week low of $28.49 was recorded on 02/13/24. SMA at 50 days reached $35.38, while 200 days put it at $34.75.

Levels Of Support And Resistance For INVH Stock

The 24-hour chart illustrates a support level at 33.48, which if violated will result in even more drops to 33.26. On the upside, there is a resistance level at 34.02. A further resistance level may holdings at 34.34. The Relative Strength Index (RSI) on the 14-day chart is 40.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.49%. Stochastics %K at 44.39% indicates the stock is a holding.

How much short interest is there in Invitation Homes Inc?

A steep rise in short interest was recorded in Invitation Homes Inc stocks on 2024-09-30, growing by 4.68 million shares to a total of 15.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.34 million shares. There was a rise of 31.16%, which implies that there is a positive sentiment for the stock.

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