In a filing, Meritage Homes Corp revealed its Director Keough Joseph acquired Company’s shares for reported $0.35 million on Mar 13 ’25. In the deal valued at $69.28 per share,5,000 shares were bought. As a result of this transaction, Keough Joseph now holds 37,700 shares worth roughly $2.67 million.
Then, Feliciano Javier sold 4,862 shares, generating $350,408 in total proceeds. Upon selling the shares at $72.07, the EVP Chief People Officer now owns 36,278 shares.
Before that, Lord Phillippe sold 36,167 shares. Meritage Homes Corp shares valued at $2,578,554 were divested by the Chief Executive Officer at a price of $71.30 per share. As a result of the transaction, Lord Phillippe now holds 228,270 shares, worth roughly $16.18 million.
Seaport Research Partners upgraded its Meritage Homes Corp [MTH] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Raymond James also remained covering MTH and has decreased its forecast on November 07, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Goldman revised its rating on October 31, 2024. It rated MTH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MTH
On monday, Meritage Homes Corp [NYSE:MTH] saw its stock jump 0.78% to $70.88. Over the last five days, the stock has lost -3.28%. Meritage Homes Corp shares have fallen nearly -7.84% since the year began. Nevertheless, the stocks have fallen -17.88% over the past one year. While a 52-week high of $106.99 was reached on 01/27/25, a 52-week low of $68.93 was recorded on 03/31/25. SMA at 50 days reached $74.84, while 200 days put it at $86.88.
Levels Of Support And Resistance For MTH Stock
The 24-hour chart illustrates a support level at 69.33, which if violated will result in even more drops to 67.78. On the upside, there is a resistance level at 71.81. A further resistance level may holdings at 72.74. The Relative Strength Index (RSI) on the 14-day chart is 43.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.03%. Stochastics %K at 31.29% indicates the stock is a holding.
How much short interest is there in Meritage Homes Corp?
A steep rise in short interest was recorded in Meritage Homes Corp stocks on 2025-03-14, dropping by -0.44 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.08 million shares. There was a decline of -16.59%, which implies that there is a negative sentiment for the stock.
