Meritage Homes Corp’s filing revealed that 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 $4.17 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 $8.18 million.
Goldman upgraded its Meritage Homes Corp [MTH] rating to a Buy from a a Neutral in a research note published on October 31, 2024; the price target was increased to $235 from $205. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid October from “an Underperform” to “a Neutral”. Wolfe Research also remained covering MTH and has increased its forecast on August 14, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Seaport Research Partners revised its rating on August 05, 2024. It rated MTH as “a Sell” which previously was an “a Neutral”.
Price Performance Review of MTH
On Friday, Meritage Homes Corp [NYSE:MTH] saw its stock jump 1.24% to $183.44. Over the last five days, the stock has gained 0.33%. Meritage Homes Corp shares have risen nearly 5.30% since the year began. Nevertheless, the stocks have risen 50.30% 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 $195.96, while 200 days put it at $175.66.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 181.07, which if violated will result in even more drops to 178.69. On the upside, there is a resistance level at 186.47. A further resistance level may holdings at 189.50. The Relative Strength Index (RSI) on the 14-day chart is 41.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.27%. Stochastics %K at 41.40% indicates the stock is a holding.
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.
The most recent change occurred on July 24, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $220 price target.
