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Recent Insider Activity Suggests Potential Gains for Taylor Morrison Home Corp (TMHC)

Taylor Morrison Home Corp’s recent filing unveils that its Director LYON WILLIAM H unloaded Company’s shares for reported $2.96 million on Nov 08 ’24. In the deal valued at $72.22 per share,40,925 shares were sold. As a result of this transaction, LYON WILLIAM H now holds 2,095,316 shares worth roughly $146.71 million.

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Then, LYON WILLIAM H sold 25,716 shares, generating $1,904,784 in total proceeds. Upon selling the shares at $74.07, the Director now owns 2,069,600 shares.

Before that, LYON WILLIAM H sold 9,075 shares. Taylor Morrison Home Corp shares valued at $654,126 were divested by the Director at a price of $72.08 per share. As a result of the transaction, LYON WILLIAM H now holds 2,136,241 shares, worth roughly $149.58 million.

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 fall -0.23% to $70.02. Over the last five days, the stock has lost -4.53%. Taylor Morrison Home Corp shares have risen nearly 31.25% since the year began. Nevertheless, the stocks have risen 55.53% over the past one year. While a 52-week high of $74.69 was reached on 11/11/24, a 52-week low of $44.32 was recorded on 01/05/24. SMA at 50 days reached $68.99, while 200 days put it at $61.34.

Levels Of Support And Resistance For TMHC Stock

The 24-hour chart illustrates a support level at 69.40, which if violated will result in even more drops to 68.78. On the upside, there is a resistance level at 70.72. A further resistance level may holdings at 71.42. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.95%. Stochastics %K at 51.81% 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 2024-10-31, dropping by -0.47 million shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.64 million shares. There was a decline of -21.74%, which implies that there is a negative sentiment for the stock.

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