Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mueller Industries, Inc shares valued at $798,100 were sold by GOLDMAN SCOTT JAY on Feb 13 ’25. At $79.81 per share, GOLDMAN SCOTT JAY sold 10,000 shares. The insider’s holdings dropped to 56,098 shares worth approximately $4.52 million following the completion of this transaction.
Also, Herzog Charles P Jr sold 15,000 shares, netting a total of over 1,380,600 in proceeds. Following the sale of shares at $92.04 each, the insider now holds 17,733 shares.
Before that, Herzog Charles P Jr had added 15,000 shares to its account. In a trade valued at $1,362,150, the Director bought Mueller Industries, Inc shares for $90.81 each.
As published in a research note from Northcoast on December 11, 2024, Mueller Industries, Inc [MLI] has been rated up from a Neutral to a Buy and the price target has been revised to $105. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of December 14, 2020, Boenning & Scattergood has increased its “Neutral” rating to a “an Outperform” for MLI. Earlier on February 04, 2020, Boenning & Scattergood upgraded its rating. Their new recommendation was “an Outperform” for MLI stock which previously was a “a Neutral”.
Analyzing MLI Stock Performance
During the last five days, there has been a surge of approximately 1.46%. Over the course of the year, Mueller Industries, Inc shares have jumped approximately 1.54%. Shares of the company reached a 52-week high of $83.86 on 01/21/25 and a 52-week low of $73.25 on 02/04/25. A 50-day SMA is recorded $80.41, while a 200-day SMA reached $71.84. Nevertheless, trading volume fell to 0.66 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Mueller Industries, Inc (MLI)
According to the 24-hour chart, there is a support level at 79.75, which, if violated, would cause prices to drop to 78.93. In the upper region, resistance lies at 81.44. The next price resistance is at 82.30. RSI (Relative Strength Index) is 50.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.49, which suggests the price will increase in the coming days. Percent R is at 22.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
