In a filing, Meritage Homes Corp. revealed its Director Michael R. Odell unloaded Company’s shares for reported $1.0 million on Aug 23 ’24. In the deal valued at $200.00 per share,5,000 shares were sold. As a result of this transaction, Michael R. Odell now holds 22,750 shares worth roughly $4.11 million.
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Then, Michael R. Odell bought 5,000 shares, generating $999,280 in total proceeds.
Before that, Sferruzza Hilla sold 2,500 shares. Meritage Homes Corp. shares valued at $512,500 were divested by the Chief Financial Officer at a price of $205.00 per share. As a result of the transaction, Sferruzza Hilla now holds 44,570 shares, worth roughly $8.05 million.
Wedbush upgraded its Meritage Homes Corp. [MTH] rating to a Neutral from a an Underperform in a research note published on October 15, 2024; the price target was increased to $195 from $160. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid August from “a Peer perform” to “an Outperform”. Seaport Research Partners also remained covering MTH and has decreased its forecast on August 05, 2024 with a “Sell” recommendation from previously “Neutral” rating. Raymond James started covering the stock on July 24, 2024. It rated MTH as “an Outperform”.
Price Performance Review of MTH
On Tuesday, Meritage Homes Corp. [NYSE:MTH] saw its stock fall -2.14% to $180.54. Over the last five days, the stock has lost -1.89%. Meritage Homes Corp. shares have risen nearly 3.64% since the year began. Nevertheless, the stocks have risen 61.86% over the past one year. While a 52-week high of $213.98 was reached on 09/19/24, a 52-week low of $109.23 was recorded on 02/20/24. SMA at 50 days reached $196.56, while 200 days put it at $175.50.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 168.73, which if violated will result in even more drops to 156.91. On the upside, there is a resistance level at 186.63. A further resistance level may holdings at 192.71. The Relative Strength Index (RSI) on the 14-day chart is 35.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.04%. Stochastics %K at 19.58% indicates the stock is a buying.
How much short interest is there in Meritage Homes Corp.?
A steep rise in short interest was recorded in Meritage Homes Corp. stocks on 2024-10-15, growing by 0.24 million shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.96 million shares. There was a rise of 19.94%, which implies that there is a positive sentiment for the stock.
