The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tri Pointe Homes Inc. shares valued at $221,400 were sold by LEE DAVID CH on Sep 13 ’24. At $44.28 per share, LEE DAVID CH sold 5,000 shares. The insider’s holdings dropped to 85,792 shares worth approximately $3.65 million following the completion of this transaction.
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Also, David CH Lee purchased 55,000 shares, netting a total of over 2,396,350 in proceeds.
Before that, KEELER GLENN J. had sold 24,200 shares from its account. In a trade valued at $1,117,072, the CFO and CAO traded Tri Pointe Homes Inc. shares for $46.16 each. Upon closing the transaction, the insider’s holdings decreased to 24,200 shares, worth approximately $6.34 million.
As published in their initiating research note from Seaport Research Partners on August 28, 2024, Tri Pointe Homes Inc. [TPH] has been a Neutral. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of December 18, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for TPH. Earlier on September 07, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for TPH stock which previously was a “a Perform”.
Analyzing TPH Stock Performance
During the last five days, there has been a drop of approximately -8.95%. Over the course of the year, Tri Pointe Homes Inc. shares have jumped approximately 20.08%. Shares of the company reached a 52-week high of $47.78 on 07/26/24 and a 52-week low of $33.24 on 03/14/24. A 50-day SMA is recorded $43.94, while a 200-day SMA reached $39.15. Nevertheless, trading volume fell to 0.87 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Tri Pointe Homes Inc. (TPH)
According to the 24-hour chart, there is a support level at 42.07, which, if violated, would cause prices to drop to 41.63. In the upper region, resistance lies at 43.00. The next price resistance is at 43.49. RSI (Relative Strength Index) is 40.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 91.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
