Meritage Homes Corp.’s recent filing unveils that its Officer Michael R. Odell acquired Company’s shares for reported $1.0 million on Aug 23 ’24. In the deal valued at $199.86 per share,5,000 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, Sferruzza Hilla bought 2,500 shares. Meritage Homes Corp. shares valued at $508,200 were divested by the Officer at a price of $203.28 per share.
Wolfe Research upgraded its Meritage Homes Corp. [MTH] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early August from “a Neutral” to “a Sell”. Raymond James began covering MTH with “an Outperform” recommendation on July 24, 2024. Wedbush revised its rating on April 02, 2024. It rated MTH as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of MTH
On Friday, Meritage Homes Corp. [NYSE:MTH] saw its stock jump 6.79% to $205.94. Over the last five days, the stock has gained 14.56%. Meritage Homes Corp. shares have risen nearly 18.22% since the year began. Nevertheless, the stocks have risen 49.41% 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 $178.25, while 200 days put it at $166.21.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 197.31, which if violated will result in even more drops to 188.67. On the upside, there is a resistance level at 210.59. A further resistance level may holdings at 215.23. The Relative Strength Index (RSI) on the 14-day chart is 68.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.02%. Stochastics%K at 96.12% indicates the stock is a selling.
How much short interest is there in Meritage Homes Corp.?
A steep rise in short interest was recorded in Meritage Homes Corp. stocks on 2024-07-31, dropping by 53123.0 shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.19 million shares. There was a decline of -4.66%, which implies that there is a negative sentiment for the stock.
