Mohawk Industries, Inc’s filing revealed that its Affiliate HELEN SUZANNE L acquired Company’s shares for reported $0.27 million on Dec 03 ’24. In the deal valued at $135.48 per share,2,000 shares were bought.
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Then, HELEN SUZANNE L sold 660 shares, generating $99,964 in total proceeds. Upon selling the shares at $151.46, the Possible Member of Group now owns 118,709 shares.
Before that, HELEN SUZANNE L bought 660 shares. Mohawk Industries, Inc shares valued at $99,962 were divested by the affiliate at a price of $151.46 per share.
Robert W. Baird upgraded its Mohawk Industries, Inc [MHK] rating to an Outperform from a a Neutral in a research note published on October 21, 2024; the price target was increased to $196 from $160. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “an Equal weight”. BofA Securities also remained covering MHK and has increased its forecast on July 26, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Raymond James revised its rating on June 10, 2024. It rated MHK as “a Strong buy” which previously was an “a Mkt perform”.
Price Performance Review of MHK
On Tuesday, Mohawk Industries, Inc [NYSE:MHK] saw its stock fall -0.66% to $135.43. Over the last five days, the stock has lost -6.62%. Mohawk Industries, Inc shares have risen nearly 30.85% since the year began. Nevertheless, the stocks have risen 47.32% over the past one year. While a 52-week high of $164.29 was reached on 10/21/24, a 52-week low of $90.22 was recorded on 01/24/24. SMA at 50 days reached $147.30, while 200 days put it at $132.41.
Levels Of Support And Resistance For MHK Stock
The 24-hour chart illustrates a support level at 133.74, which if violated will result in even more drops to 132.05. On the upside, there is a resistance level at 137.17. A further resistance level may holdings at 138.90. The Relative Strength Index (RSI) on the 14-day chart is 39.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.52%. Stochastics %K at 18.15% indicates the stock is a buying.
How much short interest is there in Mohawk Industries, Inc?
A steep rise in short interest was recorded in Mohawk Industries, Inc stocks on 2024-11-15, dropping by 54781.0 shares to a total of 0.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.91 million shares. There was a decline of -6.39%, which implies that there is a negative sentiment for the stock.
