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 $350,408 were sold by Feliciano Javier on Mar 03 ’25. At $72.07 per share, Feliciano Javier sold 4,862 shares. The insider’s holdings dropped to 36,278 shares worth approximately $2.52 million following the completion of this transaction.
Also, Lord Phillippe sold 36,167 shares, netting a total of over 2,578,554 in proceeds. Following the sale of shares at $71.30 each, the insider now holds 228,270 shares.
Before that, Sferruzza Hilla had sold 14,567 shares from its account. In a trade valued at $1,046,041, the EVP- Chief Financial Officer traded Meritage Homes Corp shares for $71.81 each. Upon closing the transaction, the insider’s holdings decreased to 14,567 shares, worth approximately $7.52 million.
As published in a research note from Seaport Research Partners on March 06, 2025, Meritage Homes Corp [MTH] has been rated up from a Sell to a Neutral and the price target has been revised to $70. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 07, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for MTH. Earlier on October 31, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for MTH stock which previously was a “a Neutral”.
Analyzing MTH Stock Performance
During the last five days, there has been a drop of approximately -9.49%. Over the course of the year, Meritage Homes Corp shares have dropped approximately -9.75%. Shares of the company reached a 52-week high of $84.50 on 01/27/25 and a 52-week low of $68.93 on 03/13/25. A 50-day SMA is recorded $76.12, while a 200-day SMA reached $87.77.
Support And Resistance Levels for Meritage Homes Corp (MTH)
According to the 24-hour chart, there is a support level at 68.02, which, if violated, would cause prices to drop to 66.62. In the upper region, resistance lies at 71.71. The next price resistance is at 74.01. RSI (Relative Strength Index) is 37.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.63, which suggests the price will decrease in the coming days. Percent R is at 95.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
