MI Homes Inc.’s filing revealed that its Officer SCHOTTENSTEIN ROBERT H acquired Company’s shares for reported $1.15 million on Aug 27 ’24. In the deal valued at $163.69 per share,7,026 shares were bought.
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Then, SCHOTTENSTEIN ROBERT H sold 4,778 shares, generating $783,308 in total proceeds. Upon selling the shares at $163.94, the Chairman, CEO & President now owns 115,925 shares.
Before that, SCHOTTENSTEIN ROBERT H sold 6,877 shares. MI Homes Inc. shares valued at $1,122,997 were divested by the Chairman, CEO & President at a price of $163.30 per share. As a result of the transaction, SCHOTTENSTEIN ROBERT H now holds 120,703 shares, worth roughly $19.24 million.
Seaport Research Partners initiated its MI Homes Inc. [MHO] rating to 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 ‘”a Strong buy”‘ rating. Wedbush also remained covering MHO and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Wedbush revised its rating on August 12, 2021. It rated MHO as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of MHO
On Friday, MI Homes Inc. [NYSE:MHO] saw its stock jump 0.71% to $159.37. Over the last five days, the stock has lost -2.57%. MI Homes Inc. shares have risen nearly 15.70% since the year began. Nevertheless, the stocks have risen 64.38% over the past one year. While a 52-week high of $173.86 was reached on 07/31/24, a 52-week low of $74.79 was recorded on 04/19/24. SMA at 50 days reached $143.42, while 200 days put it at $127.99.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 156.70, which if violated will result in even more drops to 154.03. On the upside, there is a resistance level at 161.02. A further resistance level may holdings at 162.67. The Relative Strength Index (RSI) on the 14-day chart is 59.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.43%. Stochastics %K at 65.49% indicates the stock is a holding.
How much short interest is there in MI Homes Inc.?
A steep rise in short interest was recorded in MI Homes Inc. stocks on 2024-08-15, growing by 0.23 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.73 million shares. There was a rise of 23.62%, which implies that there is a positive sentiment for the stock.
