Meritage Homes Corp.’s recent filing unveils that its Officer Sferruzza Hilla acquired Company’s shares for reported $0.51 million on Jul 31 ’24. In the deal valued at $203.28 per share,2,500 shares were bought.
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Then, Sferruzza Hilla sold 2,500 shares, generating $512,500 in total proceeds. Upon selling the shares at $205.00, the Chief Financial Officer now owns 44,570 shares.
Before that, CALDERA LOUIS E bought 1,000 shares. Meritage Homes Corp. shares valued at $200,500 were divested by the Director at a price of $200.50 per share.
Seaport Research Partners downgraded its Meritage Homes Corp. [MTH] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Wedbush also remained covering MTH and has decreased its forecast on April 02, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on January 22, 2024. It rated MTH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTH
On Tuesday, Meritage Homes Corp. [NYSE:MTH] saw its stock jump 1.17% to $179.80. Over the last five days, the stock has lost -1.78%. Meritage Homes Corp. shares have risen nearly 3.21% since the year began. Nevertheless, the stocks have risen 24.52% over the past one year. While a 52-week high of $210.58 was reached on 07/31/24, a 52-week low of $109.23 was recorded on 02/20/24. SMA at 50 days reached $175.64, while 200 days put it at $163.50.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 177.45, which if violated will result in even more drops to 175.09. On the upside, there is a resistance level at 182.05. A further resistance level may holdings at 184.29. The Relative Strength Index (RSI) on the 14-day chart is 46.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.57%. Stochastics%K at 13.43% indicates the stock is a buying.
How much short interest is there in Meritage Homes Corp.?
A steep rise in short interest was recorded in Meritage Homes Corp. stocks on
