Mohawk Industries, Inc.’s recently made public that its Possible Member of Group HELEN SUZANNE L unloaded Company’s shares for reported $99964.0 on Sep 09 ’24. In the deal valued at $151.46 per share,660 shares were sold. As a result of this transaction, HELEN SUZANNE L now holds 118,709 shares worth roughly $18.42 million.
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Then, HELEN SUZANNE L bought 660 shares, generating $99,962 in total proceeds.
Before that, HELEN SUZANNE L sold 2,300 shares. Mohawk Industries, Inc. shares valued at $347,640 were divested by the Possible Member of Group at a price of $151.15 per share. As a result of the transaction, HELEN SUZANNE L now holds 119,369 shares, worth roughly $18.53 million.
Wells Fargo upgraded its Mohawk Industries, Inc. [MHK] rating to an Equal weight from a an Underweight in a research note published on October 07, 2024; the price target was increased to $160 from $140. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “an Underperform” to “a Buy”. Raymond James also remained covering MHK and has increased its forecast on June 10, 2024 with a “Strong buy” recommendation from previously “Mkt perform” rating. Deutsche Bank revised its rating on February 12, 2024. It rated MHK as “a Buy” which previously was an “a Hold”.
Price Performance Review of MHK
On Monday, Mohawk Industries, Inc. [NYSE:MHK] saw its stock jump 0.49% to $155.20. Over the last five days, the stock has lost -3.41%. Mohawk Industries, Inc. shares have risen nearly 49.95% since the year began. Nevertheless, the stocks have risen 90.27% over the past one year. While a 52-week high of $164.05 was reached on 07/31/24, a 52-week low of $76.02 was recorded on 01/24/24. SMA at 50 days reached $152.95, while 200 days put it at $124.50.
Levels Of Support And Resistance For MHK Stock
The 24-hour chart illustrates a support level at 152.65, which if violated will result in even more drops to 150.11. On the upside, there is a resistance level at 156.48. A further resistance level may holdings at 157.77. The Relative Strength Index (RSI) on the 14-day chart is 51.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.86%. Stochastics %K at 40.57% indicates the stock is a holding.
How much short interest is there in Mohawk Industries, Inc.?
A steep rise in short interest was recorded in Mohawk Industries, Inc. stocks on 2024-09-13, dropping by -0.34 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.57 million shares. There was a decline of -27.54%, which implies that there is a negative sentiment for the stock.
