Taylor Morrison Home Corp’s recently made public that its EVP, CLO & Secretary Sherman Darrell unloaded Company’s shares for reported $4.82 million on Oct 30 ’24. In the deal valued at $70.50 per share,68,433 shares were sold. As a result of this transaction, Sherman Darrell now holds 109,217 shares worth roughly $7.5 million.
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Then, Sherman Darrell sold 26,757 shares, generating $1,873,003 in total proceeds. Upon selling the shares at $70.00, the EVP, CLO & Secretary now owns 109,217 shares.
Before that, Sherman Darrell bought 121,246 shares. Taylor Morrison Home Corp shares valued at $8,532,720 were divested by the Officer at a price of $70.38 per share.
Wedbush upgraded its Taylor Morrison Home Corp [TMHC] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Raymond James began covering TMHC with “an Outperform” recommendation on July 24, 2024. Seaport Research Partners revised its rating on January 22, 2024. It rated TMHC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TMHC
On Friday, Taylor Morrison Home Corp [NYSE:TMHC] saw its stock jump 0.28% to $68.69. Over the last five days, the stock has gained 0.25%. Taylor Morrison Home Corp shares have risen nearly 28.75% since the year began. Nevertheless, the stocks have risen 72.20% over the past one year. While a 52-week high of $71.95 was reached on 09/19/24, a 52-week low of $37.80 was recorded on 01/05/24. SMA at 50 days reached $68.03, while 200 days put it at $60.43.
Levels Of Support And Resistance For TMHC Stock
The 24-hour chart illustrates a support level at 68.08, which if violated will result in even more drops to 67.46. On the upside, there is a resistance level at 69.70. A further resistance level may holdings at 70.71. The Relative Strength Index (RSI) on the 14-day chart is 50.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.49%. Stochastics %K at 61.25% indicates the stock is a holding.
How much short interest is there in Taylor Morrison Home Corp?
A steep rise in short interest was recorded in Taylor Morrison Home Corp stocks on 2024-10-15, growing by 0.3 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.88 million shares. There was a rise of 13.92%, which implies that there is a positive sentiment for the stock.
