Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Meritage Homes Corp shares valued at $346,400 were purchased by Keough Joseph on Mar 13 ’25. At $69.28 per share, Keough Joseph acquired 5,000 shares. The insider’s holdings grew to 37,700 shares worth approximately $2.6 million following the completion of this transaction.
Also, Feliciano Javier sold 4,862 shares, netting a total of over 350,408 in proceeds. Following the sale of shares at $72.07 each, the insider now holds 36,278 shares.
Before that, Lord Phillippe had sold 36,167 shares from its account. In a trade valued at $2,578,554, the Chief Executive Officer traded Meritage Homes Corp shares for $71.30 each. Upon closing the transaction, the insider’s holdings decreased to 36,167 shares, worth approximately $15.73 million.
As published in a research note from Seaport Research Partners on March 06, 2025, Meritage Homes Corp [MTH] has been rated up from a Sell to a Neutral and the price target has been revised to $70. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 07, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for MTH. Earlier on October 31, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for MTH stock which previously was a “a Neutral”.
Analyzing MTH Stock Performance
During the last five days, there has been a surge of approximately 9.68%. Over the course of the year, Meritage Homes Corp shares have dropped approximately -10.39%. Shares of the company reached a 52-week high of $84.50 on 01/27/25 and a 52-week low of $59.27 on 04/09/25. A 50-day SMA is recorded $70.61, while a 200-day SMA reached $85.66.
Support And Resistance Levels for Meritage Homes Corp (MTH)
According to the 24-hour chart, there is a support level at 65.82, which, if violated, would cause prices to drop to 62.71. In the upper region, resistance lies at 70.92. The next price resistance is at 72.91. RSI (Relative Strength Index) is 52.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.87, which suggests the price will increase in the coming days. Percent R is at 20.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
