Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mohawk Industries, Inc shares valued at $511,008 were sold by HELEN SUZANNE L on Dec 13 ’24. At $127.75 per share, HELEN SUZANNE L sold 4,000 shares. The insider’s holdings dropped to 108,084 shares worth approximately $12.53 million following the completion of this transaction.
Also, HELEN SUZANNE L sold 4,000 shares, netting a total of over 504,424 in proceeds. Following the sale of shares at $126.11 each, the insider now holds 104,084 shares.
Before that, HELEN SUZANNE L had added 4,000 shares to its account. In a trade valued at $504,438, the Affiliate bought Mohawk Industries, Inc shares for $126.11 each.
As published in a research note from Robert W. Baird on October 21, 2024, Mohawk Industries, Inc [MHK] has been rated up from a Neutral to an Outperform and the price target has been revised to $196 from $160. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of July 26, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for MHK. Earlier on June 10, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for MHK stock which previously was a “a Mkt perform”.
Analyzing MHK Stock Performance
During the last five days, there has been a drop of approximately -3.55%. Over the course of the year, Mohawk Industries, Inc shares have dropped approximately -2.69%. Shares of the company reached a 52-week high of $120.63 on 01/02/25 and a 52-week low of $115.83 on 01/02/25. A 50-day SMA is recorded $133.73, while a 200-day SMA reached $133.03. Nevertheless, trading volume fell to 0.57 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Mohawk Industries, Inc (MHK)
According to the 24-hour chart, there is a support level at 114.29, which, if violated, would cause prices to drop to 112.66. In the upper region, resistance lies at 119.09. The next price resistance is at 122.26. RSI (Relative Strength Index) is 25.84 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.32, which suggests the price will decrease in the coming days. Percent R is at 99.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
