Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $14.12 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 JP Morgan on January 10, 2025, Mohawk Industries, Inc [MHK] has been rated up from a Neutral to an Overweight and the price target has been revised to $161. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of October 21, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for MHK. Earlier on October 07, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for MHK stock which previously was a “an Underweight”.
Analyzing MHK Stock Performance
During the last five days, there has been a surge of approximately 4.01%. Over the course of the year, Mohawk Industries, Inc shares have jumped approximately 9.64%. Shares of the company reached a 52-week high of $131.65 on 01/21/25 and a 52-week low of $115.73 on 01/08/25. A 50-day SMA is recorded $129.85, while a 200-day SMA reached $132.92. Nevertheless, trading volume fell to 0.52 million shares from 0.6 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 129.47, which, if violated, would cause prices to drop to 128.32. In the upper region, resistance lies at 131.27. The next price resistance is at 131.92. RSI (Relative Strength Index) is 61.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.21, which suggests the price will increase in the coming days. Percent R is at 6.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
