Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. D.R. Horton Inc shares valued at $921,515 were sold by Allen Barbara K on Nov 21 ’24. At $163.10 per share, Allen Barbara K sold 5,650 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Allen Barbara K purchased 5,650 shares, netting a total of over 916,430 in proceeds.
Before that, Odom Aron M. had sold 1,000 shares from its account. In a trade valued at $191,250, the SVP, Controller and PAO traded D.R. Horton Inc shares for $191.25 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.92 million.
As published in a research note from JP Morgan on December 13, 2024, D.R. Horton Inc [DHI] has been rated down from a Neutral to an Underweight and the price target has been revised to $156 from $188. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 10, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for DHI. Earlier on November 07, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for DHI stock which previously was a “an Outperform”.
Analyzing DHI Stock Performance
During the last five days, there has been a drop of approximately -7.75%. Over the course of the year, D.R. Horton Inc shares have dropped approximately -6.72%. Shares of the company reached a 52-week high of $199.85 on 09/19/24 and a 52-week low of $133.02 on 07/02/24. A 50-day SMA is recorded $168.93, while a 200-day SMA reached $163.69. Nevertheless, trading volume fell to 3.69 million shares from 3.66 million shares the previous day.
Support And Resistance Levels for D.R. Horton Inc (DHI)
According to the 24-hour chart, there is a support level at 139.57, which, if violated, would cause prices to drop to 137.36. In the upper region, resistance lies at 146.04. The next price resistance is at 150.30. RSI (Relative Strength Index) is 22.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.17, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
