Taylor Morrison Home Corp.’s recently made public that its Director LYON WILLIAM H unloaded Company’s shares for reported $1.93 million on Jul 26 ’24. In the deal valued at $68.25 per share,28,259 shares were sold. As a result of this transaction, LYON WILLIAM H now holds 2,197,057 shares worth roughly $135.27 million.
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Then, LYON WILLIAM H sold 1,741 shares, generating $118,440 in total proceeds. Upon selling the shares at $68.03, the Director now owns 2,195,316 shares.
Before that, LYON WILLIAM H sold 30,000 shares. Taylor Morrison Home Corp. shares valued at $1,989,300 were divested by the Director at a price of $66.31 per share. As a result of the transaction, LYON WILLIAM H now holds 2,225,316 shares, worth roughly $137.01 million.
Raymond James initiated its Taylor Morrison Home Corp. [TMHC] rating to an Outperform in a research note published on July 24, 2024; the price target was $75. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. RBC Capital Mkts also remained covering TMHC and has increased its forecast on January 12, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Wedbush revised its rating on December 18, 2023. It rated TMHC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TMHC
On Friday, Taylor Morrison Home Corp. [NYSE:TMHC] saw its stock fall -0.31% to $61.57. Over the last five days, the stock has gained 1.90%. Taylor Morrison Home Corp. shares have risen nearly 15.41% since the year began. Nevertheless, the stocks have risen 29.43% over the past one year. While a 52-week high of $69.62 was reached on 07/31/24, a 52-week low of $37.23 was recorded on 01/05/24. SMA at 50 days reached $59.55, while 200 days put it at $55.10.
Levels Of Support And Resistance For TMHC Stock
The 24-hour chart illustrates a support level at 60.96, which if violated will result in even more drops to 60.35. On the upside, there is a resistance level at 62.57. A further resistance level may holdings at 63.57. The Relative Strength Index (RSI) on the 14-day chart is 49.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.05%. Stochastics%K at 23.81% indicates the stock is a holding.
How much short interest is there in Taylor Morrison Home Corp.?
A steep rise in short interest was recorded in Taylor Morrison Home Corp. stocks on 2024-07-31, dropping by -0.22 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.52 million shares. There was a decline of -9.5%, which implies that there is a negative sentiment for the stock.
