Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MI Homes Inc shares valued at $3,200,000 were purchased by CREEK PHILLIP G on Nov 06 ’24. At $160.00 per share, CREEK PHILLIP G acquired 20,000 shares.
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Also, CREEK PHILLIP G purchased 8,233 shares, netting a total of over 1,317,280 in proceeds.
Before that, SCHOTTENSTEIN ROBERT H had sold 23,810 shares from its account. In a trade valued at $3,809,600, the Chairman, CEO & President traded MI Homes Inc shares for $160.00 each. Upon closing the transaction, the insider’s holdings decreased to 23,810 shares, worth approximately $14.82 million.
As published in a research note from Wedbush on November 04, 2024, MI Homes Inc [MHO] has been rated up from a Neutral to an Outperform and the price target has been revised to $185 from $155. Analysts at Seaport Research Partners started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of July 24, 2024, Raymond James has initiated its “Strong buy” rating for MHO. Earlier on December 18, 2023, Wedbush downgraded its rating. Their new recommendation was “a Neutral” for MHO stock which previously was a “an Outperform”.
Analyzing MHO Stock Performance
During the last five days, there has been a surge of approximately 5.18%. Over the course of the year, MI Homes Inc shares have jumped approximately 16.84%. Shares of the company reached a 52-week high of $176.18 on 10/18/24 and a 52-week low of $109.92 on 04/19/24. A 50-day SMA is recorded $162.53, while a 200-day SMA reached $137.89. Nevertheless, trading volume fell to 0.58 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for MI Homes Inc (MHO)
According to the 24-hour chart, there is a support level at 156.69, which, if violated, would cause prices to drop to 152.46. In the upper region, resistance lies at 163.29. The next price resistance is at 165.65. RSI (Relative Strength Index) is 50.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 49.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
