MI Homes Inc.’s recently made public that its Chairman, CEO & President SCHOTTENSTEIN ROBERT H unloaded Company’s shares for reported $2.34 million on Apr 29 ’24. In the deal valued at $122.00 per share,19,200 shares were sold. As a result of this transaction, SCHOTTENSTEIN ROBERT H now holds 122,951 shares worth roughly $14.81 million.
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Then, Krohne Susan E sold 9,000 shares, generating $1,098,000 in total proceeds. Upon selling the shares at $122.00, the Chief Legal Officer, Secretary now owns 3,609 shares.
Before that, HUNKER ANN MARIE sold 2,461 shares. MI Homes Inc. shares valued at $316,267 were divested by the Principal Accounting Officer at a price of $128.51 per share. As a result of the transaction, HUNKER ANN MARIE now holds 2,342 shares, worth roughly $0.28 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 Friday, MI Homes Inc. [NYSE:MHO] saw its stock jump 1.01% to $120.45. Over the last five days, the stock has lost -4.40%. MI Homes Inc. shares have fallen nearly -12.55% since the year began. Nevertheless, the stocks have risen 49.00% over the past one year. While a 52-week high of $140.73 was reached on 03/28/24, a 52-week low of $74.79 was recorded on 04/19/24. SMA at 50 days reached $122.01, while 200 days put it at $113.77. A total of 1.41 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 118.35, which if violated will result in even more drops to 116.25. On the upside, there is a resistance level at 121.92. A further resistance level may holdings at 123.39. The Relative Strength Index (RSI) on the 14-day chart is 45.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.10%. Stochastics %K at 10.15% indicates the stock is a buying.
