In a filing, Mohawk Industries, Inc revealed its Possible Member of Group HELEN SUZANNE L unloaded Company’s shares for reported $0.51 million on Dec 13 ’24. In the deal valued at $127.75 per share,4,000 shares were sold. As a result of this transaction, HELEN SUZANNE L now holds 108,084 shares worth roughly $12.98 million.
Then, HELEN SUZANNE L sold 4,000 shares, generating $504,424 in total proceeds. Upon selling the shares at $126.11, the Possible Member of Group now owns 104,084 shares.
Before that, HELEN SUZANNE L bought 4,000 shares. Mohawk Industries, Inc shares valued at $504,438 were divested by the Affiliate at a price of $126.11 per share.
JP Morgan upgraded its Mohawk Industries, Inc [MHK] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Robert W. Baird also remained covering MHK and has increased its forecast on October 21, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on October 07, 2024. It rated MHK as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of MHK
On Tuesday, Mohawk Industries, Inc [NYSE:MHK] saw its stock jump 0.91% to $120.12. Over the last five days, the stock has lost -3.43%. Mohawk Industries, Inc shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have risen 9.18% over the past one year. While a 52-week high of $164.29 was reached on 01/23/25, a 52-week low of $101.83 was recorded on 01/08/25. SMA at 50 days reached $126.81, while 200 days put it at $133.28.
Levels Of Support And Resistance For MHK Stock
The 24-hour chart illustrates a support level at 118.59, which if violated will result in even more drops to 117.06. On the upside, there is a resistance level at 121.05. A further resistance level may holdings at 121.97. The Relative Strength Index (RSI) on the 14-day chart is 40.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.47%. Stochastics %K at 21.53% indicates the stock is a holding.
How much short interest is there in Mohawk Industries, Inc?
A steep rise in short interest was recorded in Mohawk Industries, Inc stocks on 2025-01-15, growing by 0.19 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.02 million shares. There was a rise of 16.08%, which implies that there is a positive sentiment for the stock.
