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The Attractiveness of Investing In D.R. Horton Inc (DHI) is Growing

D.R. Horton Inc’s recent filing unveils that its Director Allen Barbara K unloaded Company’s shares for reported $0.92 million on Nov 21 ’24. In the deal valued at $163.10 per share,5,650 shares were sold. As a result of this transaction, Allen Barbara K now holds 0 shares worth roughly $0.0.

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Then, Allen Barbara K bought 5,650 shares, generating $916,430 in total proceeds.

Before that, Odom Aron M. sold 1,000 shares. D.R. Horton Inc shares valued at $191,250 were divested by the SVP, Controller and PAO at a price of $191.25 per share. As a result of the transaction, Odom Aron M. now holds 6,457 shares, worth roughly $1.09 million.

Raymond James downgraded its D.R. Horton Inc [DHI] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid October from “an Underperform” to “a Neutral”. Citigroup also remained covering DHI and has decreased its forecast on July 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wedbush revised its rating on April 02, 2024. It rated DHI as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of DHI

On Tuesday, D.R. Horton Inc [NYSE:DHI] saw its stock fall -2.45% to $168.71. Over the last five days, the stock has gained 3.95%. D.R. Horton Inc shares have risen nearly 11.01% since the year began. Nevertheless, the stocks have risen 33.61% over the past one year. While a 52-week high of $199.85 was reached on 09/19/24, a 52-week low of $125.28 was recorded on 07/02/24. SMA at 50 days reached $178.80, while 200 days put it at $162.87.

Levels Of Support And Resistance For DHI Stock

The 24-hour chart illustrates a support level at 166.86, which if violated will result in even more drops to 165.01. On the upside, there is a resistance level at 170.98. A further resistance level may holdings at 173.25. The Relative Strength Index (RSI) on the 14-day chart is 48.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.70%. Stochastics %K at 58.02% indicates the stock is a holding.

How much short interest is there in D.R. Horton Inc?

A steep rise in short interest was recorded in D.R. Horton Inc stocks on 2024-11-15, growing by 2.59 million shares to a total of 8.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.54 million shares. There was a rise of 31.9%, which implies that there is a positive sentiment for the stock.

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