Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Homes 4 Rent shares valued at $62,139 were sold by BENHAM DOUGLAS N on May 15 ’24. At $36.55 per share, BENHAM DOUGLAS N sold 1,700 shares. The insider’s holdings dropped to 21,044 shares worth approximately $0.77 million following the completion of this transaction.
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Also, BENHAM DOUGLAS N purchased 500 shares, netting a total of over 11,244 in proceeds. Following the buying of shares at $22.49 each, the insider now holds 16,521 shares.
Before that, BENHAM DOUGLAS N had added 8,081 shares to its account. In a trade valued at $188,431, the Director bought American Homes 4 Rent shares for $23.32 each. Upon closing the transaction, the insider’s holdings increased to 8,081 shares, worth approximately $1.32 million.
As published in their initiating research note from Goldman on September 04, 2024, American Homes 4 Rent [AMH] has been a Buy and the price target has been revised to $48. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late August. As of March 22, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for AMH. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for AMH stock.
Analyzing AMH Stock Performance
During the last five days, there has been a drop of approximately -6.02%. Over the course of the year, American Homes 4 Rent shares have jumped approximately 2.06%. Shares of the company reached a 52-week high of $41.41 on 09/16/24 and a 52-week low of $33.75 on 02/13/24. A 50-day SMA is recorded $38.78, while a 200-day SMA reached $36.80. Nevertheless, trading volume fell to 4.77 million shares from 2.81 million shares the previous day.
Support And Resistance Levels for American Homes 4 Rent (AMH)
According to the 24-hour chart, there is a support level at 36.03, which, if violated, would cause prices to drop to 35.35. In the upper region, resistance lies at 37.50. The next price resistance is at 38.29. RSI (Relative Strength Index) is 36.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 82.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
