Diversified Healthcare Trust’s filing revealed that its CFO and Treasurer Brown Matthew C. acquired Company’s shares for reported $5098.0 on Nov 13 ’24. In the deal valued at $2.55 per share,2,000 shares were bought. As a result of this transaction, Brown Matthew C. now holds 86,282 shares worth roughly $0.22 million.
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Wells Fargo downgraded its Diversified Healthcare Trust [DHC] rating to an Underweight from a an Equal weight in a research note published recently. Wells Fargo also remained covering DHC and has decreased its forecast on January 17, 2020 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of DHC
On Friday, Diversified Healthcare Trust [NASDAQ:DHC] saw its stock jump 2.02% to $2.52. Over the last five days, the stock has lost -4.18%. Diversified Healthcare Trust shares have fallen nearly -32.62% since the year began. Nevertheless, the stocks have risen 15.60% over the past one year. While a 52-week high of $4.24 was reached on 09/30/24, a 52-week low of $1.97 was recorded on 05/08/24. SMA at 50 days reached $3.48, while 200 days put it at $2.99.
Levels Of Support And Resistance For DHC Stock
The 24-hour chart illustrates a support level at 2.46, which if violated will result in even more drops to 2.39. On the upside, there is a resistance level at 2.60. A further resistance level may holdings at 2.67. The Relative Strength Index (RSI) on the 14-day chart is 28.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.20%. Stochastics %K at 3.78% indicates the stock is a buying.
How much short interest is there in Diversified Healthcare Trust?
A steep rise in short interest was recorded in Diversified Healthcare Trust stocks on 2024-10-31, dropping by -0.31 million shares to a total of 6.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.71 million shares. There was a decline of -4.86%, which implies that there is a negative sentiment for the stock.
