Mueller Industries, Inc’s filing revealed that its Chief Manufacturing Officer Sigloch Steffen unloaded Company’s shares for reported $0.97 million on Mar 10 ’25. In the deal valued at $82.56 per share,11,716 shares were sold. As a result of this transaction, Sigloch Steffen now holds 182,710 shares worth roughly $14.87 million.
Then, Sigloch Steffen sold 3,582 shares, generating $295,938 in total proceeds. Upon selling the shares at $82.62, the Chief Manufacturing Officer now owns 179,128 shares.
Before that, Sigloch Steffen sold 27,184 shares. Mueller Industries, Inc shares valued at $2,151,586 were divested by the Chief Manufacturing Officer at a price of $79.15 per share. As a result of the transaction, Sigloch Steffen now holds 194,426 shares, worth roughly $15.82 million.
Northcoast upgraded its Mueller Industries, Inc [MLI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Boenning & Scattergood also remained covering MLI and has increased its forecast on December 14, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood revised its rating on February 04, 2020. It rated MLI as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of MLI
On Monday, Mueller Industries, Inc [NYSE:MLI] saw its stock jump 2.38% to $81.38. Over the last five days, the stock has gained 0.64%. Mueller Industries, Inc shares have risen nearly 2.55% since the year began. Nevertheless, the stocks have risen 56.83% over the past one year. While a 52-week high of $96.81 was reached on 01/21/25, a 52-week low of $50.85 was recorded on 02/04/25. SMA at 50 days reached $80.11, while 200 days put it at $73.66.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 80.20, which if violated will result in even more drops to 79.01. On the upside, there is a resistance level at 82.11. A further resistance level may holdings at 82.83. The Relative Strength Index (RSI) on the 14-day chart is 53.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.04%. Stochastics %K at 45.34% indicates the stock is a holding.
How much short interest is there in Mueller Industries, Inc?
A steep rise in short interest was recorded in Mueller Industries, Inc stocks on 2025-02-28, growing by 0.26 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.4 million shares. There was a rise of 7.14%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 18, 2018 when Boenning & Scattergood began covering the stock and recommended ‘”a Neutral”‘ rating .
