Mueller Industries, Inc’s recent filing unveils that its Director Herzog Charles P Jr unloaded Company’s shares for reported $1.38 million on Nov 21 ’24. In the deal valued at $92.04 per share,15,000 shares were sold. As a result of this transaction, Herzog Charles P Jr now holds 17,733 shares worth roughly $1.4 million.
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Then, Herzog Charles P Jr bought 15,000 shares, generating $1,362,150 in total proceeds.
Before that, HANSEN JOHN B sold 1,000 shares. Mueller Industries, Inc shares valued at $83,090 were divested by the Director at a price of $83.09 per share. As a result of the transaction, HANSEN JOHN B now holds 94,914 shares, worth roughly $7.49 million.
Northcoast downgraded its Mueller Industries, Inc [MLI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Boenning & Scattergood’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Boenning & Scattergood also remained covering MLI and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood started covering the stock on May 18, 2018. It rated MLI as “a Neutral”.
Price Performance Review of MLI
On Tuesday, Mueller Industries, Inc [NYSE:MLI] saw its stock fall -2.32% to $78.88. Over the last five days, the stock has lost -3.98%. Mueller Industries, Inc shares have risen nearly 67.30% since the year began. Nevertheless, the stocks have risen 86.79% over the past one year. While a 52-week high of $96.81 was reached on 11/11/24, a 52-week low of $41.94 was recorded on 01/17/24. SMA at 50 days reached $80.67, while 200 days put it at $64.68.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 77.37, which if violated will result in even more drops to 75.86. On the upside, there is a resistance level at 80.84. A further resistance level may holdings at 82.80. The Relative Strength Index (RSI) on the 14-day chart is 36.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.65%. Stochastics %K at 3.63% indicates the stock is a buying.
How much short interest is there in Mueller Industries, Inc?
A steep rise in short interest was recorded in Mueller Industries, Inc stocks on 2024-11-15, growing by 44233.0 shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.61 million shares. There was a rise of 1.21%, which implies that there is a positive sentiment for the stock.
