Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Masco Corporation shares valued at $394,633 were sold by Stevens Charles K. III on Jun 08. At $56.38 per share, Stevens Charles K. III sold 7,000 shares. The insider’s holdings dropped to 10,160 shares worth approximately $0.5 million following the completion of this transaction.
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Also, Allman Keith J. sold 10,000 shares, netting a total of over 498,779 in proceeds. Following the sale of shares at $49.88 each, the insider now holds 298,295 shares.
Before that, Sznewajs John G had sold 12,447 shares from its account. In a trade valued at $749,932, the VP and CFO traded Masco Corporation shares for $60.25 each. Upon closing the transaction, the insider’s holdings decreased to 12,447 shares, worth approximately $11.08 million.
As published in a research note from BofA Securities on April 11, 2022, Masco Corporation [MAS] has been rated down from a Neutral to an Underperform and the price target has been revised to $55 from $75. This represents a 9.95% premium over Thursday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”an Underperform”‘ outlook in a report released in early April. As of March 30, 2022, JP Morgan has increased its “an Underweight” rating to a “Neutral” for MAS. Earlier on January 20, 2022, UBS initiated its rating. Their recommendation was “a Buy” for MAS stock.
Analyzing MAS’s Price Performance
On Thursday, Masco Corporation [NYSE: MAS] rose 4.65% to $49.53. The stock’s lowest price that day was $47.23, but it reached a high of $49.565 in the same session. During the last five days, there has been a drop of approximately -2.79%. Over the course of the year, Masco Corporation shares have dropped approximately -29.46%. Shares of the company reached a 52-week high of $71.06 on 01/04/22 and a 52-week low of $46.27 on 06/22/22. A 50-day SMA is recorded $53.33, while a 200-day SMA reached $59.11. Nevertheless, trading volume fell to 2.8 million shares from 2.19 million shares the previous day.
Support And Resistance Levels for Masco Corporation (MAS)
According to the 24-hour chart, there is a support level at 47.99, which, if violated, would cause prices to drop to 46.44. In the upper region, resistance lies at 50.32. The next price resistance is at 51.11. RSI (Relative Strength Index) is 38.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.26, which suggests the price will decrease in the coming days. Percent R is at 70.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Masco Corporation subject to short interest?
Stocks of Masco Corporation saw a sharp rise in short interest on May 30, 2022 jumping by 1.82 million shares to 5.65 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 3.83 million shares. A jump of 32.21% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.46.
Which companies own the most shares of Masco Corporation (MAS)?
According to The Vanguard Group, Inc. filings, the company currently owns 24,621,058 shares, which is about 10.44% of the total MAS shares outstanding. The investor’s shares have appreciated by 78,128 from its previous 13-F filing of 24542930.0 shares. With the completion of the buy transaction, Massachusetts Financial Services’s stake is now worth $1,242,513,279. BlackRock Fund Advisors reduced a -5.34% interest valued at $689.28 million while SSgA Funds Management, Inc. sold a -896,814 stake. A total of -417,530 shares of Masco Corporation were sold by Fiduciary Management, Inc. during the quarter, and 607,572 were bought by Geode Capital Management LLC. In its current portfolio, Northern Trust Investments, Inc. holds 4,213,903 shares valued at $238.89 million.
In terms of Masco Corporation share price expectations, FactSet research, analysts set an average price target of $64.59 in the next 12 months, up nearly 33.11% from the previous closing price of $47.33. Analysts anticipate Masco Corporation stock to reach $85.00 by 2022, with the lowest price target being $50.00. On December 15, 2021, Barclays assigned a price target of “an Overweight” to the stock and upgraded coverage with a $83.