In a filing, Douglas Emmett Inc revealed its Director SIMON WILLIAM E JR acquired Company’s shares for reported $0.59 million on Jun 10 ’24. In the deal valued at $13.15 per share,45,000 shares were bought. As a result of this transaction, SIMON WILLIAM E JR now holds 45,000 shares worth roughly $0.81 million.
Janney downgraded its Douglas Emmett Inc [DEI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “an Overweight”. Wedbush also remained covering DEI and has increased its forecast on January 02, 2025 with a “an Outperform” recommendation from previously “Neutral” rating. Scotiabank revised its rating on November 14, 2024. It rated DEI as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of DEI
On Monday, Douglas Emmett Inc [NYSE:DEI] saw its stock jump 3.89% to $17.91. Over the last five days, the stock has gained 2.34%. Douglas Emmett Inc shares have fallen nearly -3.50% since the year began. Nevertheless, the stocks have risen 24.55% over the past one year. While a 52-week high of $20.50 was reached on 01/03/25, a 52-week low of $12.35 was recorded on 01/10/25. SMA at 50 days reached $18.53, while 200 days put it at $16.12.
Levels Of Support And Resistance For DEI Stock
The 24-hour chart illustrates a support level at 17.36, which if violated will result in even more drops to 16.81. On the upside, there is a resistance level at 18.23. A further resistance level may holdings at 18.55. The Relative Strength Index (RSI) on the 14-day chart is 50.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.81%. Stochastics %K at 52.58% indicates the stock is a holding.
How much short interest is there in Douglas Emmett Inc?
A steep rise in short interest was recorded in Douglas Emmett Inc stocks on 2024-12-31, growing by 2.51 million shares to a total of 18.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.35 million shares. There was a rise of 13.32%, which implies that there is a positive sentiment for the stock.
