Mohawk investor sells 58,363 shares

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Bobby Raines 03/17/2014

Mark Lorberbaum, a beneficial owner of shares of Mohawk Industries ( MHK ) , sold 58,363 shares of the company's common stock on March 12 and March 13. At $140.31 per share, Lorberbaum pulled in a total of $8,203,034 from the sale.

IK-> The technicals for MHK ($140.62 up $1.22) are bullish with a downward trend. Recent support has been around $138.96 and recent resistance has been around $144.51. Standard & Poor's has a four STARs (out of five) rating on the stock. Look at the May 155/160 bear-call spread for a 50-cent credit. That's an 11.1% return and the stock has to rise 10.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: MHK

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