Tri Pointe Homes Inc’s recently made public that its President and COO MITCHELL THOMAS J. unloaded Company’s shares for reported $3.03 million on Dec 16 ’24. In the deal valued at $39.15 per share,77,384 shares were sold. As a result of this transaction, MITCHELL THOMAS J. now holds 708,159 shares worth roughly $27.04 million.
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Then, Thomas Mitchell bought 92,516 shares, generating $3,754,299 in total proceeds.
Before that, LEE DAVID CH sold 5,000 shares. Tri Pointe Homes Inc shares valued at $221,400 were divested by the General Counsel & Secretary at a price of $44.28 per share. As a result of the transaction, LEE DAVID CH now holds 85,792 shares, worth roughly $3.28 million.
Seaport Research Partners initiated its Tri Pointe Homes Inc [TPH] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid March from “a Sector perform” to “an Outperform”. Wedbush also remained covering TPH and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Oppenheimer revised its rating on September 07, 2023. It rated TPH as “an Outperform” which previously was an “a Perform”.
Price Performance Review of TPH
On Tuesday, Tri Pointe Homes Inc [NYSE:TPH] saw its stock fall -2.28% to $38.18. Over the last five days, the stock has lost -7.31%. Tri Pointe Homes Inc shares have risen nearly 7.85% since the year began. Nevertheless, the stocks have risen 13.53% over the past one year. While a 52-week high of $47.78 was reached on 07/26/24, a 52-week low of $32.79 was recorded on 03/14/24. SMA at 50 days reached $42.29, while 200 days put it at $40.43.
Levels Of Support And Resistance For TPH Stock
The 24-hour chart illustrates a support level at 37.76, which if violated will result in even more drops to 37.33. On the upside, there is a resistance level at 38.96. A further resistance level may holdings at 39.73. The Relative Strength Index (RSI) on the 14-day chart is 27.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.91%. Stochastics %K at 2.11% indicates the stock is a buying.
How much short interest is there in Tri Pointe Homes Inc?
A steep rise in short interest was recorded in Tri Pointe Homes Inc stocks on 2024-11-29, growing by 0.44 million shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.51 million shares. There was a rise of 14.82%, which implies that there is a positive sentiment for the stock.
