The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Meritage Homes Corp shares valued at $48,692 were purchased by Sasser Alison on Feb 19 ’25. At $72.03 per share, Sasser Alison acquired 676 shares.
Also, Sasser Alison sold 260 shares, netting a total of over 19,055 in proceeds. Following the sale of shares at $73.29 each, the insider now holds 4,166 shares.
Before that, Szubinski Clinton had sold 595 shares from its account. In a trade valued at $43,608, the EVP – Chief Operating Officer traded Meritage Homes Corp shares for $73.29 each. Upon closing the transaction, the insider’s holdings decreased to 595 shares, worth approximately $2.24 million.
As published in a research note from JP Morgan on December 13, 2024, Meritage Homes Corp [MTH] has been rated down from an Overweight to a Neutral and the price target has been revised to $197 from $220. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of October 31, 2024, Goldman has increased its “Neutral” rating to a “Buy” for MTH. Earlier on October 15, 2024, Wedbush upgraded its rating. Their new recommendation was “a Neutral” for MTH stock which previously was a “an Underperform”.
Analyzing MTH Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Meritage Homes Corp shares have dropped approximately -4.76%. Shares of the company reached a 52-week high of $84.50 on 01/27/25 and a 52-week low of $71.05 on 02/19/25. A 50-day SMA is recorded $79.24, while a 200-day SMA reached $89.06. Nevertheless, trading volume fell to 1.0 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Meritage Homes Corp (MTH)
According to the 24-hour chart, there is a support level at 71.63, which, if violated, would cause prices to drop to 70.01. In the upper region, resistance lies at 74.29. The next price resistance is at 75.32. RSI (Relative Strength Index) is 37.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.85, which suggests the price will decrease in the coming days. Percent R is at 81.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
