Taking a Closer Look At Mohawk Industries, Inc. (MHK) Following Its Recent Trade

Mohawk Industries, Inc.’s recently made public that its Possible Member of Group HELEN SUZANNE L unloaded Company’s shares for reported $0.48 million on Dec 14. In the deal valued at $107.01 per share,4,500 shares were sold. As a result of this transaction, HELEN SUZANNE L now holds 4,453 shares worth roughly $0.49 million.

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Then, HELEN SUZANNE L sold 5,500 shares, generating $517,473 in total proceeds. Upon selling the shares at $94.09, the Possible Member of Group now owns 8,953 shares.

Before that, Patton Rodney David sold 279 shares. Mohawk Industries, Inc. shares valued at $23,411 were divested by the VP BUSINESS STRATEGY at a price of $83.91 per share. As a result of the transaction, Patton Rodney David now holds 14,208 shares, worth roughly $1.56 million.

RBC Capital Mkts upgraded its Mohawk Industries, Inc. [MHK] rating to a Sector perform from a an Underperform in a research note published on January 12, 2024; the price target was increased to $101 from $80.

Price Performance Review of MHK

On Friday, Mohawk Industries, Inc. [NYSE:MHK] saw its stock jump 0.36% to $110.01. Over the last five days, the stock has gained 0.99%. Mohawk Industries, Inc. shares have risen nearly 6.29% since the year began. Nevertheless, the stocks have fallen -9.12% over the past one year. While a 52-week high of $123.54 was reached on 02/09/24, a 52-week low of $76.02 was recorded on 01/24/24. SMA at 50 days reached $101.15, while 200 days put it at $96.45. A total of 2.0 million shares were traded, compared to the trading of 1.03 million shares in the previous session.

Levels Of Support And Resistance For MHK Stock

The 24-hour chart illustrates a support level at 103.96, which if violated will result in even more drops to 97.91. On the upside, there is a resistance level at 113.93. A further resistance level may holdings at 117.85. The Relative Strength Index (RSI) on the 14-day chart is 65.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.53%. Stochastics %K at 89.36% indicates the stock is a selling.

How much short interest is there in Mohawk Industries, Inc.?

A steep rise in short interest was recorded in Mohawk Industries, Inc. stocks on Jan 31, 2024, dropping by -0.67 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.19 million shares. There was a decline of -44.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.05.

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