Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beazer Homes USA Inc shares valued at $194,187 were sold by Goldberg David I on Nov 12 ’24. At $32.06 per share, Goldberg David I sold 6,057 shares. The insider’s holdings dropped to 131,004 shares worth approximately $3.64 million following the completion of this transaction.
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Also, Belknap Keith L Jr sold 80,738 shares, netting a total of over 2,669,360 in proceeds. Following the sale of shares at $33.06 each, the insider now holds 70,081 shares.
Before that, Belknap Keith L Jr had sold 13,300 shares from its account. In a trade valued at $414,561, the EVP, General Counsel traded Beazer Homes USA Inc shares for $31.17 each. Upon closing the transaction, the insider’s holdings decreased to 13,300 shares, worth approximately $4.19 million.
As published in a research note from Wedbush on September 05, 2024, Beazer Homes USA Inc [BZH] has been rated up from a Neutral to an Outperform and the price target has been revised to $45 from $41. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of October 10, 2023, Wedbush has increased its “Neutral” rating to a “an Outperform” for BZH. Earlier on August 23, 2023, Sidoti upgraded its rating. Their new recommendation was “a Buy” for BZH stock which previously was a “a Neutral”.
Analyzing BZH Stock Performance
During the last five days, there has been a drop of approximately -12.11%. Over the course of the year, Beazer Homes USA Inc shares have dropped approximately -17.73%. Shares of the company reached a 52-week high of $38.22 on 11/14/24 and a 52-week low of $25.48 on 05/02/24. A 50-day SMA is recorded $32.41, while a 200-day SMA reached $30.51. Nevertheless, trading volume fell to 0.52 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Beazer Homes USA Inc (BZH)
According to the 24-hour chart, there is a support level at 27.20, which, if violated, would cause prices to drop to 26.61. In the upper region, resistance lies at 28.40. The next price resistance is at 29.01. RSI (Relative Strength Index) is 25.10 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.08, which suggests the price will decrease in the coming days. Percent R is at 92.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
