The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mohawk Industries, Inc. shares valued at $99,964 were sold by HELEN SUZANNE L on Sep 09 ’24. At $151.46 per share, HELEN SUZANNE L sold 660 shares. The insider’s holdings dropped to 118,709 shares worth approximately $16.06 million following the completion of this transaction.
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Also, HELEN SUZANNE L purchased 660 shares, netting a total of over 99,962 in proceeds.
Before that, HELEN SUZANNE L had sold 2,300 shares from its account. In a trade valued at $347,640, the Possible Member of Group traded Mohawk Industries, Inc. shares for $151.15 each. Upon closing the transaction, the insider’s holdings decreased to 2,300 shares, worth approximately $16.15 million.
As published in a research note from Robert W. Baird on October 21, 2024, Mohawk Industries, Inc. [MHK] has been rated up from a Neutral to an Outperform and the price target has been revised to $196 from $160. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of July 26, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for MHK. Earlier on June 10, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for MHK stock which previously was a “a Mkt perform”.
Analyzing MHK Stock Performance
During the last five days, there has been a drop of approximately -10.82%. Over the course of the year, Mohawk Industries, Inc. shares have jumped approximately 30.71%. Shares of the company reached a 52-week high of $164.29 on 10/21/24 and a 52-week low of $96.28 on 01/24/24. A 50-day SMA is recorded $153.48, while a 200-day SMA reached $128.59. Nevertheless, trading volume fell to 1.03 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Mohawk Industries, Inc. (MHK)
According to the 24-hour chart, there is a support level at 132.20, which, if violated, would cause prices to drop to 129.11. In the upper region, resistance lies at 138.24. The next price resistance is at 141.19. RSI (Relative Strength Index) is 30.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.19, which suggests the price will decrease in the coming days. Percent R is at 79.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
