Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Taylor Morrison Home Corp shares valued at $1,808,086 were sold by LYON WILLIAM H on Nov 25 ’24. At $74.46 per share, LYON WILLIAM H sold 24,284 shares. The insider’s holdings dropped to 2,045,316 shares worth approximately $151.37 million following the completion of this transaction.
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Also, LYON WILLIAM H sold 40,925 shares, netting a total of over 2,955,604 in proceeds. Following the sale of shares at $72.22 each, the insider now holds 2,095,316 shares.
Before that, LYON WILLIAM H had sold 25,716 shares from its account. In a trade valued at $1,904,784, the Director traded Taylor Morrison Home Corp shares for $74.07 each. Upon closing the transaction, the insider’s holdings decreased to 25,716 shares, worth approximately $153.17 million.
As published in a research note from Wedbush on October 25, 2024, Taylor Morrison Home Corp [TMHC] has been rated up from a Neutral to an Outperform and the price target has been revised to $85. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of July 24, 2024, Raymond James has initiated its “an Outperform” rating for TMHC. Earlier on January 22, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for TMHC stock which previously was a “a Buy”.
Analyzing TMHC Stock Performance
During the last five days, there has been a surge of approximately 6.80%. Over the course of the year, Taylor Morrison Home Corp shares have jumped approximately 38.73%. Shares of the company reached a 52-week high of $75.49 on 11/25/24 and a 52-week low of $50.00 on 01/05/24. A 50-day SMA is recorded $69.74, while a 200-day SMA reached $62.07. Nevertheless, trading volume fell to 0.51 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Taylor Morrison Home Corp (TMHC)
According to the 24-hour chart, there is a support level at 73.23, which, if violated, would cause prices to drop to 72.46. In the upper region, resistance lies at 75.10. The next price resistance is at 76.20. RSI (Relative Strength Index) is 62.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.03, which suggests the price will increase in the coming days. Percent R is at 19.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.