In a filing, Taylor Morrison Home Corp. revealed its Director LYON WILLIAM H unloaded Company’s shares for reported $9.54 million on Mar 28 ’24. In the deal valued at $62.32 per share,153,000 shares were sold. As a result of this transaction, LYON WILLIAM H now holds 40,570 shares worth roughly $2.42 million.
Then, LYON WILLIAM H sold 164,000 shares, generating $9,894,120 in total proceeds. Upon selling the shares at $60.33, the Director now owns 43,570 shares.
Before that, Palmer Sheryl sold 100,000 shares. Taylor Morrison Home Corp. shares valued at $5,661,000 were divested by the Chairman, President and CEO at a price of $56.61 per share. As a result of the transaction, Palmer Sheryl now holds 119,211 shares, worth roughly $7.11 million.
Seaport Research Partners downgraded its Taylor Morrison Home Corp. [TMHC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid January from “a Sector perform” to “an Outperform”. Wedbush also remained covering TMHC and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Deutsche Bank revised its rating on December 08, 2023. It rated TMHC as “a Buy” which previously was an “a Hold”.
Price Performance Review of TMHC
On Friday, Taylor Morrison Home Corp. [NYSE:TMHC] saw its stock jump 1.03% to $59.65. Over the last five days, the stock has lost -4.05%. Taylor Morrison Home Corp. shares have risen nearly 11.81% since the year began. Nevertheless, the stocks have risen 57.72% over the past one year. While a 52-week high of $62.64 was reached on 03/28/24, a 52-week low of $36.15 was recorded on 01/05/24. SMA at 50 days reached $56.51, while 200 days put it at $49.09. A total of 1.08 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For TMHC Stock
The 24-hour chart illustrates a support level at 59.06, which if violated will result in even more drops to 58.48. On the upside, there is a resistance level at 60.00. A further resistance level may holdings at 60.36. The Relative Strength Index (RSI) on the 14-day chart is 54.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.96%. Stochastics %K at 53.45% indicates the stock is a holding.
How much short interest is there in Taylor Morrison Home Corp.?
A steep rise in short interest was recorded in Taylor Morrison Home Corp. stocks on Mar 15, 2024, growing by 0.79 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.26 million shares. There was a rise of 25.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.67.
