In a filing, Mueller Industries, Inc revealed its Chief Manufacturing Officer Sigloch Steffen unloaded Company’s shares for reported $1.47 million on Apr 03 ’25. In the deal valued at $74.86 per share,19,584 shares were sold. As a result of this transaction, Sigloch Steffen now holds 159,544 shares worth roughly $11.14 million.
Then, Sigloch Steffen sold 11,716 shares, generating $967,332 in total proceeds. Upon selling the shares at $82.56, the Chief Manufacturing Officer now owns 182,710 shares.
Before that, Sigloch Steffen sold 3,582 shares. Mueller Industries, Inc shares valued at $295,938 were divested by the Chief Manufacturing Officer at a price of $82.62 per share. As a result of the transaction, Sigloch Steffen now holds 179,128 shares, worth roughly $12.5 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 fall -1.13% to $69.80. Over the last five days, the stock has lost -8.33%. Mueller Industries, Inc shares have fallen nearly -12.05% since the year began. Nevertheless, the stocks have risen 32.22% 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 04/07/25. SMA at 50 days reached $79.05, while 200 days put it at $75.24.
Levels Of Support And Resistance For MLI Stock
The 24-hour chart illustrates a support level at 66.64, which if violated will result in even more drops to 63.49. On the upside, there is a resistance level at 73.15. A further resistance level may holdings at 76.51. The Relative Strength Index (RSI) on the 14-day chart is 32.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.21%. Stochastics %K at 15.34% indicates the stock is a buying.
How much short interest is there in Mueller Industries, Inc?
A steep rise in short interest was recorded in Mueller Industries, Inc stocks on 2025-03-14, growing by 0.37 million shares to a total of 3.95 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.58 million shares. There was a rise of 9.4%, 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 .
