In a filing, Mueller Industries, Inc. revealed its Chairman of the Board & CEO Christopher Gregory L. unloaded Company’s shares for reported $3.53 million on Aug 23 ’24. In the deal valued at $70.55 per share,50,000 shares were sold. As a result of this transaction, Christopher Gregory L. now holds 1,164,311 shares worth roughly $84.1 million.
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Then, Christopher Gregory L. sold 50,000 shares, generating $3,496,000 in total proceeds. Upon selling the shares at $69.92, the Chairman of the Board & CEO now owns 1,214,311 shares.
Before that, Christopher Gregory L. bought 100,000 shares. Mueller Industries, Inc. shares valued at $6,990,000 were divested by the Officer at a price of $69.90 per share.
Northcoast downgraded its Mueller Industries, Inc. [MLI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Boenning & Scattergood’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Boenning & Scattergood also remained covering MLI and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood started covering the stock on May 18, 2018. It rated MLI as “a Neutral”.
Price Performance Review of MLI
On Friday, Mueller Industries, Inc. [NYSE:MLI] saw its stock fall -2.39% to $72.23. Over the last five days, the stock has lost -0.84%. Mueller Industries, Inc. shares have risen nearly 53.19% since the year began. Nevertheless, the stocks have risen 103.84% over the past one year. While a 52-week high of $74.99 was reached on 10/17/24, a 52-week low of $34.96 was recorded on 01/17/24. SMA at 50 days reached $70.49, while 200 days put it at $58.78.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 71.50, which if violated will result in even more drops to 70.76. On the upside, there is a resistance level at 73.54. A further resistance level may holdings at 74.84. The Relative Strength Index (RSI) on the 14-day chart is 51.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.09%. Stochastics %K at 73.39% indicates the stock is a holding.
How much short interest is there in Mueller Industries, Inc.?
A steep rise in short interest was recorded in Mueller Industries, Inc. stocks on 2024-09-30, dropping by -1.09 million shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.5 million shares. There was a decline of -31.83%, which implies that there is a negative sentiment for the stock.
