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Insider GLADSTEIN GARY S sells 4,000 of Mueller Industries, Inc. [MLI] Stock

In a filing, Mueller Industries, Inc. revealed its Director GLADSTEIN GARY S unloaded Company’s shares for reported $0.24 million on May 31 ’24. In the deal valued at $58.90 per share,4,000 shares were sold. As a result of this transaction, GLADSTEIN GARY S now holds 10,111 shares worth roughly $0.57 million.

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Then, GLADSTEIN GARY S sold 2,000 shares, generating $117,644 in total proceeds. Upon selling the shares at $58.82, the Director now owns 290,206 shares.

Before that, DONOVAN ELIZABETH M sold 2,000 shares. Mueller Industries, Inc. shares valued at $115,465 were divested by the Director at a price of $57.73 per share. As a result of the transaction, DONOVAN ELIZABETH M now holds 24,733 shares, worth roughly $1.4 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 Monday, Mueller Industries, Inc. [NYSE:MLI] saw its stock fall -0.26% to $56.50. Over the last five days, the stock has lost -0.77%. Mueller Industries, Inc. shares have risen nearly 19.83% since the year began. Nevertheless, the stocks have risen 34.52% over the past one year. While a 52-week high of $60.31 was reached on 05/15/24, a 52-week low of $34.96 was recorded on 01/17/24. SMA at 50 days reached $57.08, while 200 days put it at $48.35. A total of 0.54 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For MLI Stock

The 24-hour chart illustrates a support level at 56.08, which if violated will result in even more drops to 55.65. On the upside, there is a resistance level at 57.19. A further resistance level may holdings at 57.87. The Relative Strength Index (RSI) on the 14-day chart is 50.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.24%. Stochastics%K at 67.86% indicates the stock is a holding.

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