The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MI Homes Inc shares valued at $573,404 were sold by SCHOTTENSTEIN ROBERT H on Nov 25 ’24. At $171.58 per share, SCHOTTENSTEIN ROBERT H sold 3,342 shares. The insider’s holdings dropped to 312,242 shares worth approximately $51.38 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SCHOTTENSTEIN ROBERT H sold 4,838 shares, netting a total of over 828,691 in proceeds. Following the sale of shares at $171.29 each, the insider now holds 315,584 shares.
Before that, SCHOTTENSTEIN ROBERT H had sold 11,734 shares from its account. In a trade valued at $2,007,351, the Chairman, CEO & President traded MI Homes Inc shares for $171.07 each. Upon closing the transaction, the insider’s holdings decreased to 11,734 shares, worth approximately $52.72 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 6.42%. Over the course of the year, MI Homes Inc shares have jumped approximately 19.46%. 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 $162.68, while a 200-day SMA reached $140.39. Nevertheless, trading volume fell to 0.17 million shares from 0.41 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 162.38, which, if violated, would cause prices to drop to 160.23. In the upper region, resistance lies at 168.10. The next price resistance is at 171.67. RSI (Relative Strength Index) is 55.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.71, which suggests the price will increase in the coming days. Percent R is at 37.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
