In a filing, Taylor Morrison Home Corp revealed its Director LYON WILLIAM H unloaded Company’s shares for reported $1.81 million on Nov 25 ’24. In the deal valued at $74.46 per share,24,284 shares were sold. As a result of this transaction, LYON WILLIAM H now holds 2,045,316 shares worth roughly $124.03 million.
Then, LYON WILLIAM H sold 40,925 shares, generating $2,955,604 in total proceeds. Upon selling the shares at $72.22, the Director now owns 2,095,316 shares.
Before that, LYON WILLIAM H sold 25,716 shares. Taylor Morrison Home Corp shares valued at $1,904,784 were divested by the Director at a price of $74.07 per share. As a result of the transaction, LYON WILLIAM H now holds 2,069,600 shares, worth roughly $125.5 million.
Barclays upgraded its Taylor Morrison Home Corp [TMHC] rating to an Overweight from a an Equal weight in a research note published on December 11, 2024; the price target was increased to $90 from $75. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “an Outperform”. BTIG Research also remained covering TMHC and has increased its forecast on August 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Raymond James started covering the stock on July 24, 2024. It rated TMHC as “an Outperform”.
Price Performance Review of TMHC
On Friday, Taylor Morrison Home Corp [NYSE:TMHC] saw its stock fall -1.00% to $60.64. Over the last five days, the stock has gained 2.36%. Taylor Morrison Home Corp shares have risen nearly 13.66% since the year began. Nevertheless, the stocks have risen 11.84% over the past one year. While a 52-week high of $75.49 was reached on 11/25/24, a 52-week low of $50.00 was recorded on 01/05/24. SMA at 50 days reached $68.47, while 200 days put it at $62.98.
Levels Of Support And Resistance For TMHC Stock
The 24-hour chart illustrates a support level at 60.07, which if violated will result in even more drops to 59.49. On the upside, there is a resistance level at 61.37. A further resistance level may holdings at 62.10. The Relative Strength Index (RSI) on the 14-day chart is 29.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.98%. Stochastics %K at 19.07% indicates the stock is a buying.
How much short interest is there in Taylor Morrison Home Corp?
A steep rise in short interest was recorded in Taylor Morrison Home Corp stocks on 2024-12-13, dropping by -0.55 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.69 million shares. There was a decline of -25.47%, which implies that there is a negative sentiment for the stock.
