In a filing, Mueller Industries, Inc revealed its Director HANSEN JOHN B unloaded Company’s shares for reported $83090.0 on Oct 30 ’24. In the deal valued at $83.09 per share,1,000 shares were sold. As a result of this transaction, HANSEN JOHN B now holds 94,914 shares worth roughly $7.73 million.
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Then, Christopher Gregory L. sold 50,000 shares, generating $3,527,500 in total proceeds. Upon selling the shares at $70.55, the Chairman of the Board & CEO now owns 1,164,311 shares.
Before that, Christopher Gregory L. sold 50,000 shares. Mueller Industries, Inc shares valued at $3,496,000 were divested by the Chairman of the Board & CEO at a price of $69.92 per share. As a result of the transaction, Christopher Gregory L. now holds 1,214,311 shares, worth roughly $98.92 million.
Northcoast downgraded its Mueller Industries, Inc [MLI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Boenning & Scattergood’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Boenning & Scattergood also remained covering MLI and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood started covering the stock on May 18, 2018. It rated MLI as “a Neutral”.
Price Performance Review of MLI
On Friday, Mueller Industries, Inc [NYSE:MLI] saw its stock fall -0.62% to $81.46. Over the last five days, the stock has lost -0.48%. Mueller Industries, Inc shares have risen nearly 72.77% since the year began. Nevertheless, the stocks have risen 114.03% over the past one year. While a 52-week high of $84.11 was reached on 10/22/24, a 52-week low of $37.48 was recorded on 01/17/24. SMA at 50 days reached $73.05, while 200 days put it at $60.56.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 80.78, which if violated will result in even more drops to 80.11. On the upside, there is a resistance level at 82.67. A further resistance level may holdings at 83.89. The Relative Strength Index (RSI) on the 14-day chart is 65.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.61%. Stochastics %K at 84.71% indicates the stock is a selling.
How much short interest is there in Mueller Industries, Inc?
A steep rise in short interest was recorded in Mueller Industries, Inc stocks on 2024-10-15, dropping by -0.21 million shares to a total of 3.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.82 million shares. There was a decline of -5.75%, which implies that there is a negative sentiment for the stock.
