Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Taylor Morrison Home Corp. shares valued at $3,507,442 were sold by LYON WILLIAM H on Sep 18 ’24. At $70.25 per share, LYON WILLIAM H sold 49,928 shares. The insider’s holdings dropped to 2,145,316 shares worth approximately $143.52 million following the completion of this transaction.
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Also, LYON WILLIAM H sold 72 shares, netting a total of over 5,040 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 2,195,244 shares.
Before that, Yip Christopher J. had sold 4,700 shares from its account. In a trade valued at $306,393, the Director traded Taylor Morrison Home Corp. shares for $65.19 each. Upon closing the transaction, the insider’s holdings decreased to 4,700 shares, worth approximately $0.32 million.
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 drop of approximately -3.17%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 25.40%. Shares of the company reached a 52-week high of $71.95 on 09/19/24 and a 52-week low of $50.00 on 01/05/24. A 50-day SMA is recorded $65.89, while a 200-day SMA reached $59.11. Nevertheless, trading volume fell to 0.53 million shares from 0.62 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 66.34, which, if violated, would cause prices to drop to 65.79. In the upper region, resistance lies at 67.34. The next price resistance is at 67.79. RSI (Relative Strength Index) is 45.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 85.63%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
