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 $0.2 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 fall -0.44% to $2.28. Over the last five days, the stock has lost -6.56%. Diversified Healthcare Trust shares have fallen nearly -39.04% since the year began. Nevertheless, the stocks have fallen -33.72% over the past one year. While a 52-week high of $4.24 was reached on 09/30/24, a 52-week low of $2.19 was recorded on 05/08/24. SMA at 50 days reached $2.88, while 200 days put it at $2.94.
Levels Of Support And Resistance For DHC Stock
The 24-hour chart illustrates a support level at 2.19, which if violated will result in even more drops to 2.10. On the upside, there is a resistance level at 2.41. A further resistance level may holdings at 2.54. The Relative Strength Index (RSI) on the 14-day chart is 27.76, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.80%. Stochastics %K at 6.87% 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 2024-11-29, growing by 0.41 million shares to a total of 6.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.4 million shares. There was a rise of 6.08%, which implies that there is a positive sentiment for the stock.
