MI Homes Inc.’s recent filing unveils that its Chairman, CEO & President SCHOTTENSTEIN ROBERT H unloaded Company’s shares for reported $3.81 million on Aug 29 ’24. In the deal valued at $160.00 per share,23,810 shares were sold. As a result of this transaction, SCHOTTENSTEIN ROBERT H now holds 92,115 shares worth roughly $15.62 million.
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Then, SCHOTTENSTEIN ROBERT H sold 7,928 shares, generating $1,268,480 in total proceeds. Upon selling the shares at $160.00, the Chairman, CEO & President now owns 90,187 shares.
Before that, SCHOTTENSTEIN ROBERT H bought 7,026 shares. MI Homes Inc. shares valued at $1,150,090 were divested by the Officer at a price of $163.69 per share.
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 fall -1.53% to $169.58. Over the last five days, the stock has gained 1.86%. MI Homes Inc. shares have risen nearly 23.12% since the year began. Nevertheless, the stocks have risen 93.03% 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 $154.77, while 200 days put it at $131.92.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 166.97, which if violated will result in even more drops to 164.36. On the upside, there is a resistance level at 172.54. A further resistance level may holdings at 175.50. The Relative Strength Index (RSI) on the 14-day chart is 65.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.41%. Stochastics %K at 86.36% indicates the stock is a selling.
How much short interest is there in MI Homes Inc.?
A steep rise in short interest was recorded in MI Homes Inc. stocks on 2024-08-30, growing by 0.29 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.8 million shares. There was a rise of 26.51%, which implies that there is a positive sentiment for the stock.
