Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tri Pointe Homes Inc shares valued at $3,029,584 were sold by MITCHELL THOMAS J. on Dec 16 ’24. At $39.15 per share, MITCHELL THOMAS J. sold 77,384 shares. The insider’s holdings dropped to 708,159 shares worth approximately $26.14 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Thomas Mitchell purchased 92,516 shares, netting a total of over 3,754,299 in proceeds.
Before that, LEE DAVID CH had sold 5,000 shares from its account. In a trade valued at $221,400, the General Counsel & Secretary traded Tri Pointe Homes Inc shares for $44.28 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.17 million.
As published in their initiating research note from Seaport Research Partners on August 28, 2024, Tri Pointe Homes Inc [TPH] has been a Neutral. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of December 18, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for TPH. Earlier on September 07, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for TPH stock which previously was a “a Perform”.
Analyzing TPH Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Tri Pointe Homes Inc shares have jumped approximately 4.27%. Shares of the company reached a 52-week high of $47.78 on 07/26/24 and a 52-week low of $33.24 on 03/14/24. A 50-day SMA is recorded $41.43, while a 200-day SMA reached $40.50. Nevertheless, trading volume fell to 0.57 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Tri Pointe Homes Inc (TPH)
According to the 24-hour chart, there is a support level at 36.68, which, if violated, would cause prices to drop to 36.45. In the upper region, resistance lies at 37.12. The next price resistance is at 37.32. RSI (Relative Strength Index) is 27.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 86.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
