Mohawk Industries, Inc’s recent filing unveils that its Affiliate HELEN SUZANNE L acquired Company’s shares for reported $0.32 million on Dec 10 ’24. In the deal valued at $131.40 per share,2,453 shares were bought.
Then, HELEN SUZANNE L bought 6,625 shares, generating $865,604 in total proceeds.
Before that, HELEN SUZANNE L sold 2,000 shares. Mohawk Industries, Inc shares valued at $270,962 were divested by the Possible Member of Group at a price of $135.48 per share. As a result of the transaction, HELEN SUZANNE L now holds 2,453 shares, worth roughly $0.32 million.
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 -1.50% to $130.97. Over the last five days, the stock has lost -3.29%. Mohawk Industries, Inc shares have risen nearly 26.54% since the year began. Nevertheless, the stocks have risen 41.90% over the past one year. While a 52-week high of $164.29 was reached on 10/21/24, a 52-week low of $90.79 was recorded on 01/24/24. SMA at 50 days reached $144.70, while 200 days put it at $132.84.
Levels Of Support And Resistance For MHK Stock
The 24-hour chart illustrates a support level at 129.01, which if violated will result in even more drops to 127.04. On the upside, there is a resistance level at 132.84. A further resistance level may holdings at 134.70. The Relative Strength Index (RSI) on the 14-day chart is 36.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.57%. Stochastics %K at 12.85% 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 2024-11-29, growing by 0.12 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.77 million shares. There was a rise of 13.46%, which implies that there is a positive sentiment for the stock.
