Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mueller Industries, Inc shares valued at $967,332 were sold by Sigloch Steffen on Mar 10 ’25. At $82.56 per share, Sigloch Steffen sold 11,716 shares. The insider’s holdings dropped to 182,710 shares worth approximately $14.54 million following the completion of this transaction.
Also, Sigloch Steffen sold 3,582 shares, netting a total of over 295,938 in proceeds. Following the sale of shares at $82.62 each, the insider now holds 179,128 shares.
Before that, Sigloch Steffen had sold 27,184 shares from its account. In a trade valued at $2,151,586, the Chief Manufacturing Officer traded Mueller Industries, Inc shares for $79.15 each. Upon closing the transaction, the insider’s holdings decreased to 27,184 shares, worth approximately $15.47 million.
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 1.78%. Over the course of the year, Mueller Industries, Inc shares have jumped approximately 0.29%. 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 $80.10, while a 200-day SMA reached $73.99.
Support And Resistance Levels for Mueller Industries, Inc (MLI)
According to the 24-hour chart, there is a support level at 78.87, which, if violated, would cause prices to drop to 78.15. In the upper region, resistance lies at 80.88. The next price resistance is at 82.17. RSI (Relative Strength Index) is 48.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 56.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
