Mueller Industries, Inc.’s recent filing unveils that its EVP, CFO & Treasurer Martin Jeffrey Andrew unloaded Company’s shares for reported $3.0 million on Apr 26 ’24. In the deal valued at $57.25 per share,52,436 shares were sold. As a result of this transaction, Martin Jeffrey Andrew now holds 313,529 shares worth roughly $18.39 million.
Then, GLADSTEIN GARY S sold 4,250 shares, generating $248,965 in total proceeds. Upon selling the shares at $58.58, the Director now owns 292,206 shares.
Before that, HANSEN JOHN B sold 4,000 shares. Mueller Industries, Inc. shares valued at $229,178 were divested by the Director at a price of $57.29 per share. As a result of the transaction, HANSEN JOHN B now holds 104,214 shares, worth roughly $6.11 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 1.12% to $58.65. Over the last five days, the stock has gained 5.07%. Mueller Industries, Inc. shares have risen nearly 24.39% since the year began. Nevertheless, the stocks have risen 57.49% over the past one year. While a 52-week high of $59.59 was reached on 04/24/24, a 52-week low of $34.96 was recorded on 01/17/24. SMA at 50 days reached $53.50, while 200 days put it at $44.57. A total of 0.54 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 58.07, which if violated will result in even more drops to 57.49. On the upside, there is a resistance level at 59.28. A further resistance level may holdings at 59.91. The Relative Strength Index (RSI) on the 14-day chart is 66.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.35%. Stochastics %K at 78.47% indicates the stock is a holding.
