The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Taylor Morrison Home Corp. shares valued at $5,040 were sold by LYON WILLIAM H on Sep 17 ’24. At $70.00 per share, LYON WILLIAM H sold 72 shares. The insider’s holdings dropped to 2,195,244 shares worth approximately $153.01 million following the completion of this transaction.
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Also, Yip Christopher J. sold 4,700 shares, netting a total of over 306,393 in proceeds. Following the sale of shares at $65.19 each, the insider now holds 4,772 shares.
Before that, Yip Christopher J. had added 4,700 shares to its account. In a trade valued at $306,393, the Director bought Taylor Morrison Home Corp. shares for $65.19 each.
As published in a research note from BTIG Research on August 19, 2024, Taylor Morrison Home Corp. [TMHC] has been rated up from a Neutral to a Buy and the price target has been revised to $78. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of January 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for TMHC. Earlier on January 12, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for TMHC stock which previously was a “a Sector perform”.
Analyzing TMHC Stock Performance
During the last five days, there has been a surge of approximately 9.54%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 30.65%. Shares of the company reached a 52-week high of $71.69 on 09/18/24 and a 52-week low of $50.00 on 01/05/24. A 50-day SMA is recorded $64.35, while a 200-day SMA reached $57.56. Nevertheless, trading volume fell to 1.22 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Taylor Morrison Home Corp. (TMHC)
According to the 24-hour chart, there is a support level at 68.48, which, if violated, would cause prices to drop to 67.26. In the upper region, resistance lies at 71.31. The next price resistance is at 72.91. RSI (Relative Strength Index) is 67.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.24, which suggests the price will increase in the coming days. Percent R is at 20.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
