Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Douglas Emmett Inc shares valued at $591,800 were purchased by SIMON WILLIAM E JR on Jun 10 ’24. At $13.15 per share, SIMON WILLIAM E JR acquired 45,000 shares. The insider’s holdings grew to 45,000 shares worth approximately $0.82 million following the completion of this transaction.
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Also, SIMON WILLIAM E JR sold 91,000 shares, netting a total of over 1,269,141 in proceeds. Following the sale of shares at $13.95 each, the insider now holds 0 shares.
As published in a research note from Jefferies on January 02, 2024, Douglas Emmett Inc [DEI] has been rated up from an Underperform to a Hold and the price target has been revised to $15 from $10. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of September 12, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for DEI. Earlier on September 05, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for DEI stock which previously was a “an Overweight”.
Analyzing DEI Stock Performance
During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, Douglas Emmett Inc shares have jumped approximately 25.93%. Shares of the company reached a 52-week high of $19.27 on 10/18/24 and a 52-week low of $12.35 on 02/13/24. A 50-day SMA is recorded $17.15, while a 200-day SMA reached $14.67. Nevertheless, trading volume fell to 0.97 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Douglas Emmett Inc (DEI)
According to the 24-hour chart, there is a support level at 18.05, which, if violated, would cause prices to drop to 17.84. In the upper region, resistance lies at 18.43. The next price resistance is at 18.60. RSI (Relative Strength Index) is 56.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 53.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
