Meritage Homes Corp’s filing revealed that its SVP – Chief Accounting Officer Sasser Alison unloaded Company’s shares for reported $11192.0 on Feb 24 ’25. In the deal valued at $73.63 per share,152 shares were sold. As a result of this transaction, Sasser Alison now holds 6,330 shares worth roughly $0.48 million.
Then, Sasser Alison bought 152 shares, generating $11,192 in total proceeds.
Before that, Sasser Alison bought 152 shares. Meritage Homes Corp shares valued at $11,192 were divested by the Officer at a price of $73.63 per share.
JP Morgan downgraded its Meritage Homes Corp [MTH] rating to a Neutral from a an Overweight in a research note published on December 13, 2024; the price target was decreased to $197 from $220. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. Goldman also remained covering MTH and has increased its forecast on October 31, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wedbush revised its rating on October 15, 2024. It rated MTH as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of MTH
On Tuesday, Meritage Homes Corp [NYSE:MTH] saw its stock jump 5.08% to $75.94. Over the last five days, the stock has gained 2.62%. Meritage Homes Corp shares have fallen nearly -1.26% since the year began. Nevertheless, the stocks have fallen -0.85% over the past one year. While a 52-week high of $106.99 was reached on 01/27/25, a 52-week low of $71.05 was recorded on 02/19/25. SMA at 50 days reached $77.87, while 200 days put it at $88.78.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 73.73, which if violated will result in even more drops to 71.52. On the upside, there is a resistance level at 77.26. A further resistance level may holdings at 78.58. The Relative Strength Index (RSI) on the 14-day chart is 49.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.72%. Stochastics %K at 36.93% indicates the stock is a holding.
