MI Homes Inc.’s recently made public that its Chairman, CEO & President SCHOTTENSTEIN ROBERT H unloaded Company’s shares for reported $3.81 million on Aug 29 ’24. In the deal valued at $160.00 per share,23,810 shares were sold. As a result of this transaction, SCHOTTENSTEIN ROBERT H now holds 92,115 shares worth roughly $14.14 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SCHOTTENSTEIN ROBERT H sold 7,928 shares, generating $1,268,480 in total proceeds. Upon selling the shares at $160.00, the Chairman, CEO & President now owns 90,187 shares.
Before that, SCHOTTENSTEIN ROBERT H bought 7,026 shares. MI Homes Inc. shares valued at $1,150,090 were divested by the Officer at a price of $163.69 per share.
Seaport Research Partners initiated its MI Homes Inc. [MHO] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late July with a ‘”a Strong buy”‘ rating. Wedbush also remained covering MHO and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Wedbush revised its rating on August 12, 2021. It rated MHO as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of MHO
On Tuesday, MI Homes Inc. [NYSE:MHO] saw its stock fall -4.24% to $153.45. Over the last five days, the stock has lost -2.93%. MI Homes Inc. shares have risen nearly 11.41% since the year began. Nevertheless, the stocks have risen 88.70% over the past one year. While a 52-week high of $176.18 was reached on 10/18/24, a 52-week low of $80.51 was recorded on 04/19/24. SMA at 50 days reached $162.84, while 200 days put it at $137.20.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 148.15, which if violated will result in even more drops to 142.85. On the upside, there is a resistance level at 156.25. A further resistance level may holdings at 159.05. The Relative Strength Index (RSI) on the 14-day chart is 39.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.45%. Stochastics %K at 18.61% indicates the stock is a buying.
How much short interest is there in MI Homes Inc.?
A steep rise in short interest was recorded in MI Homes Inc. stocks on 2024-10-15, dropping by 83070.0 shares to a total of 1.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.14 million shares. There was a decline of -7.85%, which implies that there is a negative sentiment for the stock.
