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Northcoast gives a Buy recommendation for Mueller Industries, Inc (MLI)

In a filing, Mueller Industries, Inc revealed its Director GOLDMAN SCOTT JAY unloaded Company’s shares for reported $0.8 million on Feb 13 ’25. In the deal valued at $79.81 per share,10,000 shares were sold. As a result of this transaction, GOLDMAN SCOTT JAY now holds 56,098 shares worth roughly $ 4.62 million.

Then, Herzog Charles P Jr sold 15,000 shares, generating $1,380,600 in total proceeds. Upon selling the shares at $92.04, the Director now owns 17,733 shares.

Before that, Herzog Charles P Jr bought 15,000 shares. Mueller Industries, Inc shares valued at $1,362,150 were divested by the Director at a price of $90.81 per share.

Northcoast upgraded its Mueller Industries, Inc [MLI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Boenning & Scattergood also remained covering MLI and has increased its forecast on December 14, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood revised its rating on February 04, 2020. It rated MLI as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of MLI

On Tuesday, Mueller Industries, Inc [NYSE:MLI] saw its stock jump 1.23% to $82.28. Over the last five days, the stock has gained 2.35%. Mueller Industries, Inc shares have risen nearly 3.68% since the year began. Nevertheless, the stocks have risen 68.19% over the past one year. While a 52-week high of $96.81 was reached on 01/21/25, a 52-week low of $47.46 was recorded on 02/04/25. SMA at 50 days reached $80.32, while 200 days put it at $71.59.

Levels Of Support And Resistance For MLI Stock

The 24-hour chart illustrates a support level at 81.51, which if violated will result in even more drops to 80.73. On the upside, there is a resistance level at 82.89. A further resistance level may holdings at 83.50. The Relative Strength Index (RSI) on the 14-day chart is 56.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.74%. Stochastics %K at 89.69% indicates the stock is a selling.

The most recent change occurred on May 18, 2018 when Boenning & Scattergood began covering the stock and recommended ‘”a Neutral”‘ rating .

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