Mueller Industries, Inc.’s recently made public that its Director HANSEN JOHN B unloaded Company’s shares for reported $0.54 million on Aug 09 ’24. In the deal valued at $67.24 per share,8,000 shares were sold. As a result of this transaction, HANSEN JOHN B now holds 95,914 shares worth roughly $6.43 million.
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Then, HANSEN JOHN B sold 2,000 shares, generating $134,480 in total proceeds. Upon selling the shares at $67.24, the Director now owns 16,000 shares.
Before that, GLADSTEIN GARY S sold 4,000 shares. Mueller Industries, Inc. shares valued at $235,600 were divested by the Director at a price of $58.90 per share. As a result of the transaction, GLADSTEIN GARY S now holds 10,111 shares, worth roughly $0.68 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 -1.64% to $66.99. Over the last five days, the stock has gained 2.26%. Mueller Industries, Inc. shares have risen nearly 42.08% since the year began. Nevertheless, the stocks have risen 71.09% over the past one year. While a 52-week high of $72.68 was reached on 07/31/24, a 52-week low of $34.96 was recorded on 01/17/24. SMA at 50 days reached $60.72, while 200 days put it at $51.93.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 66.29, which if violated will result in even more drops to 65.59. On the upside, there is a resistance level at 67.83. A further resistance level may holdings at 68.66. The Relative Strength Index (RSI) on the 14-day chart is 55.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.24%. Stochastics%K at 48.50% indicates the stock is a holding.
How much short interest is there in Mueller Industries, Inc.?
A steep rise in short interest was recorded in Mueller Industries, Inc. stocks on
