Meritage Homes Corp’s filing revealed that its EVP Chief People Officer Feliciano Javier unloaded Company’s shares for reported $0.35 million on Mar 03 ’25. In the deal valued at $72.07 per share,4,862 shares were sold. As a result of this transaction, Feliciano Javier now holds 36,278 shares worth roughly $2.61 million.
Then, Lord Phillippe sold 36,167 shares, generating $2,578,554 in total proceeds. Upon selling the shares at $71.30, the Chief Executive Officer now owns 228,270 shares.
Before that, Sferruzza Hilla sold 14,567 shares. Meritage Homes Corp shares valued at $1,046,041 were divested by the EVP- Chief Financial Officer at a price of $71.81 per share. As a result of the transaction, Sferruzza Hilla now holds 108,367 shares, worth roughly $7.79 million.
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 1.63% to $71.85. Over the last five days, the stock has lost -5.39%. Meritage Homes Corp shares have fallen nearly -6.58% since the year began. Nevertheless, the stocks have fallen -8.85% over the past one year. While a 52-week high of $106.99 was reached on 01/27/25, a 52-week low of $70.28 was recorded on 03/04/25. SMA at 50 days reached $76.56, while 200 days put it at $88.33.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 69.85, which if violated will result in even more drops to 67.86. On the upside, there is a resistance level at 73.25. A further resistance level may holdings at 74.66. The Relative Strength Index (RSI) on the 14-day chart is 40.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.57%. Stochastics %K at 23.34% indicates the stock is a holding.
