Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Taylor Morrison Home Corp. shares valued at $6,170,000 were sold by Palmer Sheryl on May 15 ’24. At $61.70 per share, Palmer Sheryl sold 100,000 shares. The insider’s holdings dropped to 19,211 shares worth approximately $1.1 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LYON WILLIAM H sold 153,000 shares, netting a total of over 9,535,590 in proceeds. Following the sale of shares at $62.32 each, the insider now holds 40,570 shares.
Before that, LYON WILLIAM H had sold 164,000 shares from its account. In a trade valued at $9,894,120, the Director traded Taylor Morrison Home Corp. shares for $60.33 each. Upon closing the transaction, the insider’s holdings decreased to 164,000 shares, worth approximately $2.5 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 -7.17%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 7.76%. 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 $58.12, while a 200-day SMA reached $50.55. Nevertheless, trading volume fell to 0.64 million shares from 0.46 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 56.89, which, if violated, would cause prices to drop to 56.30. In the upper region, resistance lies at 58.40. The next price resistance is at 59.32. RSI (Relative Strength Index) is 45.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 93.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
