MI Homes Inc.’s filing revealed that its Principal Accounting Officer HUNKER ANN MARIE unloaded Company’s shares for reported $0.32 million on Mar 07 ’24. In the deal valued at $128.51 per share,2,461 shares were sold. As a result of this transaction, HUNKER ANN MARIE now holds 2,342 shares worth roughly $0.28 million.
Then, HUNKER ANN MARIE sold 1,039 shares, generating $134,775 in total proceeds. Upon selling the shares at $129.72, the Principal Accounting Officer now owns 1,303 shares.
Before that, SCHOTTENSTEIN ROBERT H sold 25,620 shares. MI Homes Inc. shares valued at $3,051,221 were divested by the Chairman, CEO & President at a price of $119.10 per share. As a result of the transaction, SCHOTTENSTEIN ROBERT H now holds 126,276 shares, worth roughly $15.09 million.
Wedbush downgraded its MI Homes Inc. [MHO] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “an Outperform”. JMP Securities revised its rating on January 08, 2020. It rated MHO as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of MHO
On Tuesday, MI Homes Inc. [NYSE:MHO] saw its stock jump 6.01% to $119.47. Over the last five days, the stock has gained 5.81%. MI Homes Inc. shares have fallen nearly -13.26% since the year began. Nevertheless, the stocks have risen 83.26% over the past one year. While a 52-week high of $140.73 was reached on 03/28/24, a 52-week low of $63.39 was recorded on 04/19/24. SMA at 50 days reached $123.10, while 200 days put it at $107.84. A total of 0.32 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 114.93, which if violated will result in even more drops to 110.39. On the upside, there is a resistance level at 121.99. A further resistance level may holdings at 124.51. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.83%. Stochastics %K at 24.04% indicates the stock is a holding.
