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MillerKnoll Inc [MLKN] stock for 275,836 USD was sold by Stutz Jeffrey M

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MillerKnoll Inc shares valued at $275,836 were sold by Stutz Jeffrey M on Dec 22 ’23. At $28.23 per share, Stutz Jeffrey M sold 9,771 shares. The insider’s holdings dropped to 35,622 shares worth approximately $0.9 million following the completion of this transaction.

Also, VOLKEMA MICHAEL A purchased 13,584 shares, netting a total of over 230,246 in proceeds. Following the buying of shares at $16.95 each, the insider now holds 200,670 shares.

Before that, Smith Mike C. had added 4,000 shares to its account. In a trade valued at $68,988, the Director bought MillerKnoll Inc shares for $17.25 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.5 million.

As published in a research note from The Benchmark Company on November 30, 2022, MillerKnoll Inc [MLKN] has been rated down from a Buy to a Hold. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September.

Analyzing MLKN Stock Performance

During the last five days, there has been a drop of approximately -0.12%. Over the course of the year, MillerKnoll Inc shares have dropped approximately -5.10%. Shares of the company reached a 52-week high of $31.07 on 03/08/24 and a 52-week low of $23.45 on 03/28/24. A 50-day SMA is recorded $27.93, while a 200-day SMA reached $24.69. Nevertheless, trading volume fell to 0.45 million shares from 0.4 million shares the previous day.

Support And Resistance Levels for MillerKnoll Inc (MLKN)

According to the 24-hour chart, there is a support level at 25.08, which, if violated, would cause prices to drop to 24.84. In the upper region, resistance lies at 25.77. The next price resistance is at 26.22. RSI (Relative Strength Index) is 42.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 57.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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