Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Masco Corporation shares valued at $520,200 were sold by Allman Keith J. on Jul 14. At $52.02 per share, Allman Keith J. sold 10,000 shares. The insider’s holdings dropped to 288,295 shares worth approximately $13.43 million following the completion of this transaction.
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Also, Stevens Charles K. III sold 7,000 shares, netting a total of over 394,633 in proceeds. Following the sale of shares at $56.38 each, the insider now holds 10,160 shares.
Before that, Allman Keith J. had sold 10,000 shares from its account. In a trade valued at $498,779, the President and CEO traded Masco Corporation shares for $49.88 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $13.9 million.
As published in their initiating research note from Deutsche Bank on August 18, 2022, Masco Corporation [MAS] has been a Hold and the price target has been revised to $61. This represents a 23.61% premium over Thursday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid April. As of April 05, 2022, Credit Suisse has initiated its “an Underperform” rating for MAS. Earlier on March 30, 2022, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for MAS stock which previously was a “an Underweight”.
Analyzing MAS’s Price Performance
On Thursday, Masco Corporation [NYSE: MAS] plunged -2.12% to $46.60. The stock’s lowest price that day was $46.40, but it reached a high of $47.25 in the same session. During the last five days, there has been a drop of approximately -4.88%. Over the course of the year, Masco Corporation shares have dropped approximately -33.64%. 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 $52.60, while a 200-day SMA reached $56.23. Nevertheless, trading volume fell to 1.36 million shares from 1.34 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 46.25, which, if violated, would cause prices to drop to 45.90. In the upper region, resistance lies at 47.10. The next price resistance is at 47.60. RSI (Relative Strength Index) is 31.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.05, which suggests the price will decrease in the coming days. Percent R is at 97.22%, 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 Jul 14, 2022 jumping by 0.33 million shares to 6.38 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.05 million shares. A jump of 5.17% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.68.
Which companies own the most shares of Masco Corporation (MAS)?
According to The Vanguard Group, Inc. filings, the company currently owns 24,478,688 shares, which is about 10.85% of the total MAS shares outstanding. The investor’s shares have plunged by -142,370 from its previous 13-F filing of 24621058.0 shares. With the completion of the buy transaction, Massachusetts Financial Services’s stake is now worth $1,128,883,029. BlackRock Fund Advisors reduced a -1.72% interest valued at $607.86 million while SSgA Funds Management, Inc. sold a -709,046 stake. A total of -1,881,903 shares of Masco Corporation were sold by Fiduciary Management, Inc. during the quarter, and 49,997 were bought by Geode Capital Management LLC. In its current portfolio, AustralianSuper Pty Ltd. holds 4,870,464 shares valued at $247.76 million.
In terms of Masco Corporation share price expectations, FactSet research, analysts set an average price target of $62.82 in the next 12 months, up nearly 28.12% from the previous closing price of $47.61. Analysts anticipate Masco Corporation stock to reach $76.00 by 2022, with the lowest price target being $50.00. In spite of this, 21 analysts ranked Masco Corporation stock as an Overweight at the end of 2022. On January 20, 2022, UBS assigned a price target of “a Buy” to the stock and initiated coverage with a $86.