Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $22.1 million following the completion of this transaction.
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 $2.68 million.
As published in a research note from RBC Capital Mkts on February 19, 2025, Tri Pointe Homes Inc [TPH] has been rated down from an Outperform to a Sector perform and the price target has been revised to $37 from $41. Analysts at Seaport Research Partners started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of March 13, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for TPH. Earlier on December 18, 2023, Wedbush downgraded its rating. Their new recommendation was “a Neutral” for TPH stock which previously was a “an Outperform”.
Analyzing TPH Stock Performance
During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Tri Pointe Homes Inc shares have dropped approximately -13.93%. Shares of the company reached a 52-week high of $38.96 on 01/27/25 and a 52-week low of $30.25 on 02/20/25. A 50-day SMA is recorded $35.84, while a 200-day SMA reached $40.24. Nevertheless, trading volume fell to 1.0 million shares from 1.22 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 30.94, which, if violated, would cause prices to drop to 30.67. In the upper region, resistance lies at 31.72. The next price resistance is at 32.22. RSI (Relative Strength Index) is 34.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.54, which suggests the price will decrease in the coming days. Percent R is at 85.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
