Mueller Industries, Inc.’s filing revealed that its EVP, CFO & Treasurer Martin Jeffrey Andrew unloaded Company’s shares for reported $2.33 million on Feb 08 ’24. In the deal valued at $49.25 per share,47,280 shares were sold. As a result of this transaction, Martin Jeffrey Andrew now holds 370,840 shares worth roughly $19.32 million.
Then, HANSEN JOHN B sold 5,000 shares, generating $246,650 in total proceeds. Upon selling the shares at $49.33, the Director now owns 18,000 shares.
Before that, Sigloch Steffen sold 53,792 shares. Mueller Industries, Inc. shares valued at $2,559,961 were divested by the Chief Manufacturing Officer at a price of $47.59 per share. As a result of the transaction, Sigloch Steffen now holds 212,882 shares, worth roughly $11.09 million.
Northcoast downgraded its Mueller Industries, Inc. [MLI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Boenning & Scattergood’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Boenning & Scattergood also remained covering MLI and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood started covering the stock on May 18, 2018. It rated MLI as “a Neutral”.
Price Performance Review of MLI
On Tuesday, Mueller Industries, Inc. [NYSE:MLI] saw its stock jump 0.66% to $52.09. Over the last five days, the stock has lost -3.47%. Mueller Industries, Inc. shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have risen 51.80% over the past one year. While a 52-week high of $54.64 was reached on 03/28/24, a 52-week low of $33.59 was recorded on 01/17/24. SMA at 50 days reached $51.39, while 200 days put it at $43.65. A total of 0.49 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 51.18, which if violated will result in even more drops to 50.26. On the upside, there is a resistance level at 52.68. A further resistance level may holdings at 53.26. The Relative Strength Index (RSI) on the 14-day chart is 48.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.28%. Stochastics %K at 19.74% indicates the stock is a buying.
