Smith Douglas Homes Corp’s recent filing unveils that its Director Jackson Jeffrey T acquired Company’s shares for reported $0.26 million on Nov 19 ’24. In the deal valued at $29.77 per share,8,605 shares were bought. As a result of this transaction, Jackson Jeffrey T now holds 15,748 shares worth roughly $0.43 million.
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Then, Steele Brett Allen bought 5,000 shares, generating $105,000 in total proceeds. Upon buying the shares at $21.00, the insider now owns 5,000 shares.
JP Morgan downgraded its Smith Douglas Homes Corp [SDHC] rating to a Neutral from a an Overweight in a research note published on November 25, 2024; the price target was decreased to $36 from $41. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early February with a ‘”a Peer perform”‘ rating. Wells Fargo began covering SDHC with “an Equal weight” recommendation on February 05, 2024. Wedbush started covering the stock on February 05, 2024. It rated SDHC as “a Neutral”.
Price Performance Review of SDHC
On Tuesday, Smith Douglas Homes Corp [NYSE:SDHC] saw its stock jump 1.51% to $27.50. Over the last five days, the stock has lost -14.44%. Smith Douglas Homes Corp shares have risen nearly 14.58% since the year began. SMA at 50 days reached $32.96, while 200 days put it at $30.81.
Levels Of Support And Resistance For SDHC Stock
The 24-hour chart illustrates a support level at 26.92, which if violated will result in even more drops to 26.35. On the upside, there is a resistance level at 28.03. A further resistance level may holdings at 28.57. The Relative Strength Index (RSI) on the 14-day chart is 28.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.94%. Stochastics %K at 4.98% indicates the stock is a buying.
How much short interest is there in Smith Douglas Homes Corp?
A steep rise in short interest was recorded in Smith Douglas Homes Corp stocks on 2024-11-29, dropping by 14182.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.45 million shares. There was a decline of -3.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 05, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $26 price target.
