Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MI Homes Inc. shares valued at $2,342,400 were sold by SCHOTTENSTEIN ROBERT H on Apr 29 ’24. At $122.00 per share, SCHOTTENSTEIN ROBERT H sold 19,200 shares. The insider’s holdings dropped to 122,951 shares worth approximately $14.3 million following the completion of this transaction.
Also, Krohne Susan E sold 9,000 shares, netting a total of over 1,098,000 in proceeds. Following the sale of shares at $122.00 each, the insider now holds 3,609 shares.
Before that, HUNKER ANN MARIE had sold 2,461 shares from its account. In a trade valued at $316,267, the Principal Accounting Officer traded MI Homes Inc. shares for $128.51 each. Upon closing the transaction, the insider’s holdings decreased to 2,461 shares, worth approximately $0.27 million.
As published in a research note from Wedbush on December 18, 2023, MI Homes Inc. [MHO] has been rated down from an Outperform to a Neutral and the price target has been revised to $116. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. Earlier on January 08, 2020, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for MHO stock which previously was a “a Mkt perform”.
Analyzing MHO Stock Performance
During the last five days, there has been a drop of approximately -4.97%. Over the course of the year, MI Homes Inc. shares have dropped approximately -15.54%. Shares of the company reached a 52-week high of $139.24 on 03/28/24 and a 52-week low of $109.92 on 04/19/24. A 50-day SMA is recorded $122.83, while a 200-day SMA reached $108.77. Nevertheless, trading volume fell to 0.33 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for MI Homes Inc. (MHO)
According to the 24-hour chart, there is a support level at 114.29, which, if violated, would cause prices to drop to 112.23. In the upper region, resistance lies at 118.59. The next price resistance is at 120.83. RSI (Relative Strength Index) is 44.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.63, which suggests the price will increase in the coming days. Percent R is at 64.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
