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 $4,824,526 were sold by Sherman Darrell on Oct 30 ’24. At $70.50 per share, Sherman Darrell sold 68,433 shares. The insider’s holdings dropped to 109,217 shares worth approximately $7.58 million following the completion of this transaction.
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Also, Sherman Darrell sold 26,757 shares, netting a total of over 1,873,003 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 109,217 shares.
Before that, Sherman Darrell had added 121,246 shares to its account. In a trade valued at $8,532,720, the Officer bought Taylor Morrison Home Corp. shares for $70.38 each.
As published in a research note from Wedbush on October 25, 2024, Taylor Morrison Home Corp. [TMHC] has been rated up from a Neutral to an Outperform and the price target has been revised to $85. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of July 24, 2024, Raymond James has initiated its “an Outperform” rating for TMHC. Earlier on January 22, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for TMHC stock which previously was a “a Buy”.
Analyzing TMHC Stock Performance
During the last five days, there has been a surge of approximately 3.30%. Over the course of the year, Taylor Morrison Home Corp. shares have jumped approximately 30.12%. 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 $67.89, while a 200-day SMA reached $60.27. Nevertheless, trading volume fell to 0.81 million shares from 1.67 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 68.74, which, if violated, would cause prices to drop to 68.07. In the upper region, resistance lies at 70.48. The next price resistance is at 71.54. RSI (Relative Strength Index) is 53.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 30.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
