Diversified Healthcare Trust’s recently made public 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 $0.23 million.
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 Tuesday, Diversified Healthcare Trust [NASDAQ:DHC] saw its stock fall -0.38% to $2.63. Diversified Healthcare Trust shares have risen nearly 14.35% since the year began. While a 52-week high of $4.24 was reached on 02/07/25, a 52-week low of $2.01 was recorded on 01/13/25. SMA at 50 days reached $2.36, while 200 days put it at $2.91.
Levels Of Support And Resistance For DHC Stock
The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 2.57. On the upside, there is a resistance level at 2.67. A further resistance level may holdings at 2.72. The Relative Strength Index (RSI) on the 14-day chart is 63.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.13%. Stochastics %K at 80.07% indicates the stock is a selling.
How much short interest is there in Diversified Healthcare Trust?
A steep rise in short interest was recorded in Diversified Healthcare Trust stocks on 2025-01-31, dropping by -0.23 million shares to a total of 6.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 7.04 million shares. There was a decline of -3.33%, which implies that there is a negative sentiment for the stock.
