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 $1.49 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 $7.98 million.
Northcoast upgraded its Mueller Industries, Inc [MLI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Boenning & Scattergood also remained covering MLI and has increased its forecast on December 14, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood revised its rating on February 04, 2020. It rated MLI as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of MLI
On Monday, Mueller Industries, Inc [NYSE:MLI] saw its stock jump 1.93% to $84.07. Over the last five days, the stock has gained 7.70%. Mueller Industries, Inc shares have risen nearly 78.30% since the year began. Nevertheless, the stocks have risen 88.46% over the past one year. While a 52-week high of $96.81 was reached on 11/11/24, a 52-week low of $44.03 was recorded on 01/17/24. SMA at 50 days reached $82.24, while 200 days put it at $66.07.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 82.88, which if violated will result in even more drops to 81.69. On the upside, there is a resistance level at 84.67. A further resistance level may holdings at 85.27. The Relative Strength Index (RSI) on the 14-day chart is 53.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.42%. Stochastics %K at 59.69% indicates the stock is a holding.
How much short interest is there in Mueller Industries, Inc?
A steep rise in short interest was recorded in Mueller Industries, Inc stocks on 2024-11-29, dropping by -0.32 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.74 million shares. There was a decline of -9.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 18, 2018 when Boenning & Scattergood began covering the stock and recommended ‘”a Neutral”‘ rating .
