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The Potential Rise in the Price of Dream Finders Homes Inc (DFH) following insiders activity

Dream Finders Homes Inc’s filing revealed that its Director Lovett William Radford II unloaded Company’s shares for reported $0.58 million on Oct 18 ’24. In the deal valued at $34.90 per share,16,628 shares were sold. As a result of this transaction, Lovett William Radford II now holds 4,651,172 shares worth roughly $145.86 million.

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Then, Lovett William Radford II sold 10,492 shares, generating $353,161 in total proceeds. Upon selling the shares at $33.66, the Director now owns 4,667,800 shares.

Before that, Lovett William Radford II bought 412,409 shares. Dream Finders Homes Inc shares valued at $13,713,648 were divested by the Director at a price of $33.25 per share.

RBC Capital Mkts downgraded its Dream Finders Homes Inc [DFH] rating to an Underperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “an Underperform” to “a Neutral”. BofA Securities also remained covering DFH and has decreased its forecast on June 17, 2022 with a “an Underperform” recommendation from previously “Neutral” rating.

Price Performance Review of DFH

On Tuesday, Dream Finders Homes Inc [NYSE:DFH] saw its stock fall -7.38% to $31.36. Over the last five days, the stock has lost -5.57%. Dream Finders Homes Inc shares have fallen nearly -11.74% since the year began. Nevertheless, the stocks have risen 68.69% over the past one year. While a 52-week high of $44.38 was reached on 03/28/24, a 52-week low of $18.29 was recorded on 08/05/24. SMA at 50 days reached $33.06, while 200 days put it at $32.56.

Levels Of Support And Resistance For DFH Stock

The 24-hour chart illustrates a support level at 30.49, which if violated will result in even more drops to 29.63. On the upside, there is a resistance level at 32.80. A further resistance level may holdings at 34.24. The Relative Strength Index (RSI) on the 14-day chart is 39.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.65%. Stochastics %K at 45.86% indicates the stock is a holding.

How much short interest is there in Dream Finders Homes Inc?

A steep rise in short interest was recorded in Dream Finders Homes Inc stocks on 2024-09-30, growing by 0.15 million shares to a total of 3.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.71 million shares. There was a rise of 3.99%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 18, 2021 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.

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