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 $1.41 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 $7.56 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 fall -0.70% to $79.62. Over the last five days, the stock has lost -5.29%. Mueller Industries, Inc shares have risen nearly 68.87% since the year began. Nevertheless, the stocks have risen 70.86% over the past one year. While a 52-week high of $96.81 was reached on 11/11/24, a 52-week low of $44.39 was recorded on 01/17/24. SMA at 50 days reached $83.05, while 200 days put it at $66.79.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 78.57, which if violated will result in even more drops to 77.52. On the upside, there is a resistance level at 80.73. A further resistance level may holdings at 81.84. The Relative Strength Index (RSI) on the 14-day chart is 43.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.81%. Stochastics %K at 32.78% 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 .
