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 $9,535,590 were sold by LYON WILLIAM H on Mar 28 ’24. At $62.32 per share, LYON WILLIAM H sold 153,000 shares. The insider’s holdings dropped to 40,570 shares worth approximately $2.18 million following the completion of this transaction.
Also, LYON WILLIAM H sold 164,000 shares, netting a total of over 9,894,120 in proceeds. Following the sale of shares at $60.33 each, the insider now holds 43,570 shares.
Before that, Palmer Sheryl had sold 100,000 shares from its account. In a trade valued at $5,661,000, the Chairman, President and CEO traded Taylor Morrison Home Corp. shares for $56.61 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $6.41 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. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of December 18, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for TMHC. Earlier on December 08, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for TMHC stock which previously was a “a Hold”.
Analyzing TMHC Stock Performance
During the last five days, there has been a drop of approximately -4.44%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 0.84%. Shares of the company reached a 52-week high of $62.64 on 03/28/24 and a 52-week low of $50.00 on 01/05/24. A 50-day SMA is recorded $57.13, while a 200-day SMA reached $49.45. Nevertheless, trading volume fell to 0.7 million shares from 0.62 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 53.16, which, if violated, would cause prices to drop to 52.53. In the upper region, resistance lies at 54.86. The next price resistance is at 55.93. RSI (Relative Strength Index) is 33.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.41, which suggests the price will decrease in the coming days. Percent R is at 97.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
