Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mohawk Industries, Inc. shares valued at $99,964 were sold by HELEN SUZANNE L on Sep 09 ’24. At $151.46 per share, HELEN SUZANNE L sold 660 shares. The insider’s holdings dropped to 118,709 shares worth approximately $18.93 million following the completion of this transaction.
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Also, HELEN SUZANNE L purchased 660 shares, netting a total of over 99,962 in proceeds.
Before that, HELEN SUZANNE L had sold 2,300 shares from its account. In a trade valued at $347,640, the Possible Member of Group traded Mohawk Industries, Inc. shares for $151.15 each. Upon closing the transaction, the insider’s holdings decreased to 2,300 shares, worth approximately $19.04 million.
As published in a research note from BofA Securities on July 26, 2024, Mohawk Industries, Inc. [MHK] has been rated up from an Underperform to a Buy and the price target has been revised to $177 from $120. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Strong buy”‘ outlook in a report released in early June. As of February 12, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for MHK. Earlier on January 12, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “a Sector perform” for MHK stock which previously was a “an Underperform”.
Analyzing MHK Stock Performance
During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Mohawk Industries, Inc. shares have jumped approximately 54.10%. Shares of the company reached a 52-week high of $164.05 on 07/31/24 and a 52-week low of $96.28 on 01/24/24. A 50-day SMA is recorded $152.04, while a 200-day SMA reached $123.73. Nevertheless, trading volume fell to 0.54 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Mohawk Industries, Inc. (MHK)
According to the 24-hour chart, there is a support level at 158.05, which, if violated, would cause prices to drop to 156.62. In the upper region, resistance lies at 160.63. The next price resistance is at 161.78. RSI (Relative Strength Index) is 61.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.46, which suggests the price will increase in the coming days. Percent R is at 18.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
