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. MI Homes Inc shares valued at $249,632 were sold by CREEK PHILLIP G on Feb 20 ’25. At $116.00 per share, CREEK PHILLIP G sold 2,152 shares. The insider’s holdings dropped to 27,071 shares worth approximately $2.87 million following the completion of this transaction.
Also, CREEK PHILLIP G sold 1,859 shares, netting a total of over 213,441 in proceeds. Following the sale of shares at $114.81 each, the insider now holds 29,223 shares.
Before that, SCHOTTENSTEIN ROBERT H had sold 3,716 shares from its account. In a trade valued at $426,653, the Chairman, CEO & President traded MI Homes Inc shares for $114.81 each. Upon closing the transaction, the insider’s holdings decreased to 3,716 shares, worth approximately $37.21 million.
As published in a research note from Seaport Research Partners on March 06, 2025, MI Homes Inc [MHO] has been rated up from a Neutral to a Buy and the price target has been revised to $151. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of August 28, 2024, Seaport Research Partners has initiated its “Neutral” rating for MHO. Earlier on July 24, 2024, Raymond James initiated its rating. Their recommendation was “a Strong buy” for MHO stock.
Analyzing MHO Stock Performance
During the last five days, there has been a drop of approximately -0.08%. Over the course of the year, MI Homes Inc shares have dropped approximately -20.13%. Shares of the company reached a 52-week high of $141.94 on 01/21/25 and a 52-week low of $100.22 on 04/09/25. A 50-day SMA is recorded $115.32, while a 200-day SMA reached $142.21.
Support And Resistance Levels for MI Homes Inc (MHO)
According to the 24-hour chart, there is a support level at 104.48, which, if violated, would cause prices to drop to 102.78. In the upper region, resistance lies at 107.15. The next price resistance is at 108.12. RSI (Relative Strength Index) is 41.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.65, which suggests the price will decrease in the coming days. Percent R is at 63.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
