A company insider recently sold 1,100 shares of Masco Corporation [MAS]. Should You Sale?

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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. Masco Corporation shares valued at $51,488 were sold by Turner Reginald M JR on Oct 28. At $46.81 per share, Turner Reginald M JR sold 1,100 shares. The insider’s holdings dropped to 28,766 shares worth approximately $1.23 million following the completion of this transaction.

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Also, Allman Keith J. sold 10,000 shares, netting a total of over 487,900 in proceeds. Following the sale of shares at $48.79 each, the insider now holds 278,295 shares.

Before that, Allman Keith J. had sold 10,000 shares from its account. In a trade valued at $520,200, the President and CEO traded Masco Corporation shares for $52.02 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $12.37 million.

As published in a research note from RBC Capital Mkts on October 27, 2022, Masco Corporation [MAS] has been rated down from an Outperform to a Sector perform and the price target has been revised to $47 from $57. This represents a 8.7% 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 October. As of August 18, 2022, Deutsche Bank has initiated its “Hold” rating for MAS. Earlier on April 11, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for MAS stock which previously was a “a Neutral”.

Analyzing MAS Stock Performance

On Thursday, Masco Corporation [NYSE: MAS] plunged -2.74% to $42.91. The stock’s lowest price that day was $42.60, but it reached a high of $43.58 in the same session. During the last five days, there has been a drop of approximately -6.76%. Over the course of the year, Masco Corporation shares have dropped approximately -38.89%. Shares of the company reached a 52-week high of $71.06 on 01/04/22 and a 52-week low of $42.33 on 10/26/22. A 50-day SMA is recorded $48.39, while a 200-day SMA reached $53.10. Nevertheless, trading volume fell to 3.02 million shares from 1.91 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 42.48, which, if violated, would cause prices to drop to 42.05. In the upper region, resistance lies at 43.46. The next price resistance is at 44.01. RSI (Relative Strength Index) is 36.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.98, which suggests the price will decrease in the coming days. Percent R is at 91.39%, indicating bearish price movement. Stochastics %K at holding 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 $1,036,122,442. BlackRock Fund Advisors reduced a -1.72% interest valued at $557.91 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 $227.4 million.

In terms of Masco Corporation share price expectations, FactSet research, analysts set an average price target of $53.94 in the next 12 months, up nearly 22.39% from the previous closing price of $44.12. Analysts anticipate Masco Corporation stock to reach $70.00 by 2022, with the lowest price target being $40.00. In spite of this, 21 analysts ranked Masco Corporation stock as an Overweight at the end of 2022. On April 05, 2022, Credit Suisse assigned a price target of “an Underperform” to the stock and initiated coverage with a $50.


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