MI Homes Inc’s filing revealed that its Chairman, CEO & President SCHOTTENSTEIN ROBERT H unloaded Company’s shares for reported $0.57 million on Nov 25 ’24. In the deal valued at $171.58 per share,3,342 shares were sold. As a result of this transaction, SCHOTTENSTEIN ROBERT H now holds 312,242 shares worth roughly $42.5 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SCHOTTENSTEIN ROBERT H sold 4,838 shares, generating $828,691 in total proceeds. Upon selling the shares at $171.29, the Chairman, CEO & President now owns 315,584 shares.
Before that, SCHOTTENSTEIN ROBERT H sold 11,734 shares. MI Homes Inc shares valued at $2,007,351 were divested by the Chairman, CEO & President at a price of $171.07 per share. As a result of the transaction, SCHOTTENSTEIN ROBERT H now holds 320,422 shares, worth roughly $43.61 million.
Wedbush upgraded its MI Homes Inc [MHO] rating to an Outperform from a a Neutral in a research note published on November 04, 2024; the price target was increased to $185 from $155. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in late August with a ‘”a Neutral”‘ rating. Raymond James began covering MHO with “Strong buy” recommendation on July 24, 2024. Wedbush revised its rating on December 18, 2023. It rated MHO as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of MHO
On Tuesday, MI Homes Inc [NYSE:MHO] saw its stock jump 1.45% to $136.11. Over the last five days, the stock has lost -9.70%. MI Homes Inc shares have fallen nearly -1.18% since the year began. Nevertheless, the stocks have risen 1.86% over the past one year. While a 52-week high of $176.18 was reached on 10/18/24, a 52-week low of $109.92 was recorded on 04/19/24. SMA at 50 days reached $157.70, while 200 days put it at $143.02.
Levels Of Support And Resistance For MHO Stock
The 24-hour chart illustrates a support level at 134.09, which if violated will result in even more drops to 132.06. On the upside, there is a resistance level at 137.22. A further resistance level may holdings at 138.33. The Relative Strength Index (RSI) on the 14-day chart is 29.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.25%. Stochastics %K at 5.31% indicates the stock is a buying.
How much short interest is there in MI Homes Inc?
A steep rise in short interest was recorded in MI Homes Inc stocks on 2024-11-29, growing by 61873.0 shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.02 million shares. There was a rise of 5.74%, which implies that there is a positive sentiment for the stock.
