Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Invitation Homes Inc shares valued at $248,976 were sold by Barbe, Cohen Jana on May 24 ’24. At $34.58 per share, Barbe, Cohen Jana sold 7,200 shares. The insider’s holdings dropped to 28,068 shares worth approximately $0.93 million following the completion of this transaction.
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Also, Young Charles D. sold 60,582 shares, netting a total of over 2,105,224 in proceeds. Following the sale of shares at $34.75 each, the insider now holds 214,714 shares.
Before that, Young Charles D. had sold 5,000 shares from its account. In a trade valued at $174,250, the President & COO traded Invitation Homes Inc shares for $34.85 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $9.17 million.
As published in a research note from BofA Securities on September 24, 2024, Invitation Homes Inc [INVH] has been rated down from a Buy to a Neutral and the price target has been revised to $37. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early September. As of September 04, 2024, Goldman has initiated its “Buy” rating for INVH. Earlier on August 26, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for INVH stock which previously was a “an Overweight”.
Analyzing INVH Stock Performance
During the last five days, there has been a surge of approximately 6.02%. Over the course of the year, Invitation Homes Inc shares have dropped approximately -2.37%. Shares of the company reached a 52-week high of $37.80 on 09/04/24 and a 52-week low of $31.01 on 11/01/24. A 50-day SMA is recorded $34.69, while a 200-day SMA reached $34.71. Nevertheless, trading volume fell to 4.56 million shares from 6.39 million shares the previous day.
Support And Resistance Levels for Invitation Homes Inc (INVH)
According to the 24-hour chart, there is a support level at 32.96, which, if violated, would cause prices to drop to 32.62. In the upper region, resistance lies at 33.60. The next price resistance is at 33.91. RSI (Relative Strength Index) is 47.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 40.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
