Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mohawk Industries, Inc. shares valued at $102,882 were sold by HELEN SUZANNE L on Aug 07 ’24. At $146.97 per share, HELEN SUZANNE L sold 700 shares. The insider’s holdings dropped to 121,669 shares worth approximately $17.52 million following the completion of this transaction.
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Also, HELEN SUZANNE L purchased 700 shares, netting a total of over 102,869 in proceeds.
Before that, LORBERBAUM JEFFREY S had added 4,200 shares to its account. In a trade valued at $2,292,255, the Affiliate bought Mohawk Industries, Inc. shares for $545.77 each.
As published in a research note from BofA Securities on July 26, 2024, Mohawk Industries, Inc. [MHK] has been rated up from an Underperform to a Buy and the price target has been revised to $177 from $120. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Strong buy”‘ outlook in a report released in early June. As of February 12, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for MHK. Earlier on January 12, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “a Sector perform” for MHK stock which previously was a “an Underperform”.
Analyzing MHK Stock Performance
During the last five days, there has been a surge of approximately 0.41%. Over the course of the year, Mohawk Industries, Inc. shares have jumped approximately 39.16%. Shares of the company reached a 52-week high of $164.05 on 07/31/24 and a 52-week low of $96.28 on 01/24/24. A 50-day SMA is recorded $126.83, while a 200-day SMA reached $112.32. Nevertheless, trading volume fell to 0.76 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Mohawk Industries, Inc. (MHK)
According to the 24-hour chart, there is a support level at 142.62, which, if violated, would cause prices to drop to 141.20. In the upper region, resistance lies at 146.51. The next price resistance is at 148.99. RSI (Relative Strength Index) is 55.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.34, which suggests the price will decrease in the coming days. Percent R is at 90.06%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
