Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mueller Industries, Inc shares valued at $1,380,600 were sold by Herzog Charles P Jr on Nov 21 ’24. At $92.04 per share, Herzog Charles P Jr sold 15,000 shares. The insider’s holdings dropped to 17,733 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Herzog Charles P Jr purchased 15,000 shares, netting a total of over 1,362,150 in proceeds.
Before that, HANSEN JOHN B had sold 1,000 shares from its account. In a trade valued at $83,090, the Director traded Mueller Industries, Inc shares for $83.09 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $7.67 million.
As published in a research note from Northcoast on January 19, 2024, Mueller Industries, Inc [MLI] has been rated down from a Buy to a Neutral. Analysts at Boenning & Scattergood upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of February 04, 2020, Boenning & Scattergood has increased its “Neutral” rating to a “an Outperform” for MLI. Earlier on May 18, 2018, Boenning & Scattergood initiated its rating. Their recommendation was “a Neutral” for MLI stock.
Analyzing MLI Stock Performance
During the last five days, there has been a drop of approximately -11.18%. Over the course of the year, Mueller Industries, Inc shares have jumped approximately 71.43%. Shares of the company reached a 52-week high of $96.81 on 11/11/24 and a 52-week low of $44.39 on 01/17/24. A 50-day SMA is recorded $80.22, while a 200-day SMA reached $64.22. Nevertheless, trading volume fell to 0.93 million shares from 23.53 million shares the previous day.
Support And Resistance Levels for Mueller Industries, Inc (MLI)
According to the 24-hour chart, there is a support level at 80.13, which, if violated, would cause prices to drop to 79.43. In the upper region, resistance lies at 81.92. The next price resistance is at 83.01. RSI (Relative Strength Index) is 40.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.77, which suggests the price will decrease in the coming days. Percent R is at 98.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
