Director LYON WILLIAM H sale 33,400 shares of Taylor Morrison Home Corp. [TMHC]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Taylor Morrison Home Corp. shares valued at $1,871,596 were sold by LYON WILLIAM H on Feb 12. At $56.04 per share, LYON WILLIAM H sold 33,400 shares. The insider’s holdings dropped to 71,570 shares worth approximately $4.1 million following the completion of this transaction.

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Also, LYON WILLIAM H sold 17,984 shares, netting a total of over 972,395 in proceeds. Following the sale of shares at $54.07 each, the insider now holds 2,877,316 shares.

Before that, LYON WILLIAM H had sold 139,661 shares from its account. In a trade valued at $7,555,758, the Director traded Taylor Morrison Home Corp. shares for $54.10 each. Upon closing the transaction, the insider’s holdings decreased to 139,661 shares, worth approximately $4.9 million.

As published in a research note from Seaport Research Partners on January 22, 2024, Taylor Morrison Home Corp. [TMHC] has been rated down from a Buy to a Neutral.

Analyzing TMHC Stock Performance

During the last five days, there has been a surge of approximately 6.79%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 7.31%. Shares of the company reached a 52-week high of $57.35 on 02/15/24 and a 52-week low of $50.00 on 01/05/24. A 50-day SMA is recorded $52.10, while a 200-day SMA reached $46.79. Nevertheless, trading volume fell to 0.92 million shares from 1.1 million shares the previous day.

Support And Resistance Levels for Taylor Morrison Home Corp. (TMHC)

According to the 24-hour chart, there is a support level at 56.37, which, if violated, would cause prices to drop to 55.49. In the upper region, resistance lies at 57.74. The next price resistance is at 58.23. RSI (Relative Strength Index) is 64.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 1.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Taylor Morrison Home Corp. subject to short interest?

Stocks of Taylor Morrison Home Corp. saw a sharp rise in short interest on Jan 31, 2024 jumping by 0.12 million shares to 2.08 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 1.96 million shares. A jump of 5.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.77.

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