In a filing, Beazer Homes USA Inc revealed its EVP, General Counsel Belknap Keith L Jr unloaded Company’s shares for reported $2.67 million on Jul 16 ’24. In the deal valued at $33.06 per share,80,738 shares were sold. As a result of this transaction, Belknap Keith L Jr now holds 70,081 shares worth roughly $2.19 million.
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Then, Belknap Keith L Jr sold 13,300 shares, generating $414,561 in total proceeds. Upon selling the shares at $31.17, the EVP, General Counsel now owns 150,819 shares.
Before that, Belknap Keith L Jr sold 13,462 shares. Beazer Homes USA Inc shares valued at $413,687 were divested by the EVP, General Counsel at a price of $30.73 per share. As a result of the transaction, Belknap Keith L Jr now holds 164,119 shares, worth roughly $5.13 million.
Wedbush upgraded its Beazer Homes USA Inc [BZH] rating to an Outperform from a a Neutral in a research note published on September 05, 2024; the price target was increased to $45 from $41. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Wedbush also remained covering BZH and has increased its forecast on October 10, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Sidoti revised its rating on August 23, 2023. It rated BZH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BZH
On Monday, Beazer Homes USA Inc [NYSE:BZH] saw its stock jump 1.53% to $31.24. Over the last five days, the stock has lost -1.61%. Beazer Homes USA Inc shares have fallen nearly -7.55% since the year began. Nevertheless, the stocks have risen 15.36% over the past one year. While a 52-week high of $35.20 was reached on 09/18/24, a 52-week low of $25.48 was recorded on 05/02/24. SMA at 50 days reached $32.16, while 200 days put it at $30.15.
Levels Of Support And Resistance For BZH Stock
The 24-hour chart illustrates a support level at 30.66, which if violated will result in even more drops to 30.07. On the upside, there is a resistance level at 32.03. A further resistance level may holdings at 32.81. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.27%. Stochastics %K at 32.08% indicates the stock is a holding.
How much short interest is there in Beazer Homes USA Inc?
A steep rise in short interest was recorded in Beazer Homes USA Inc stocks on 2024-10-15, dropping by -0.2 million shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.59 million shares. There was a decline of -14.34%, which implies that there is a negative sentiment for the stock.
