Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Mosaic Company shares valued at $1,587,755 were sold by Johnson Denise C on May 16. At $65.00 per share, Johnson Denise C sold 24,427 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, EBEL GREGORY L purchased 15,600 shares, netting a total of over 990,502 in proceeds. Following the buying of shares at $63.49 each, the insider now holds 80,068 shares.
Before that, Ricard Corrine D. had sold 17,284 shares from its account. In a trade valued at $1,313,930, the Sr VP – Mosaic Fertilizantes traded The Mosaic Company shares for $76.02 each. Upon closing the transaction, the insider’s holdings decreased to 17,284 shares, worth approximately $2.22 million.
As published in a research note from RBC Capital Mkts on October 03, 2022, The Mosaic Company [MOS] has been rated down from an Outperform to a Sector perform and the price target has been revised to $65 from $85. This represents a 24.86% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 14, 2022, Credit Suisse has initiated its “an Outperform” rating for MOS. Earlier on June 01, 2022, Barclays initiated its rating. Their recommendation was “an Underweight” for MOS stock.
Analyzing MOS Stock Performance
On Thursday, The Mosaic Company [NYSE: MOS] plunged -5.88% to $48.84. The stock’s lowest price that day was $46.14, but it reached a high of $49.36 in the same session. During the last five days, there has been a drop of approximately -8.78%. Over the course of the year, The Mosaic Company shares have jumped approximately 24.31%. Shares of the company reached a 52-week high of $79.28 on 04/18/22 and a 52-week low of $37.08 on 01/24/22. A 50-day SMA is recorded $52.52, while a 200-day SMA reached $54.75. Nevertheless, trading volume fell to 8.04 million shares from 3.56 million shares the previous day.
Support And Resistance Levels for The Mosaic Company (MOS)
According to the 24-hour chart, there is a support level at 46.87, which, if violated, would cause prices to drop to 44.89. In the upper region, resistance lies at 50.09. The next price resistance is at 51.33. RSI (Relative Strength Index) is 41.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 70.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The Mosaic Company subject to short interest?
Stocks of The Mosaic Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.88 million shares to 11.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.98 million shares. A decline of -16.94% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.43 of the overall float, the days-to-cover ratio (short ratio) decline to 1.43.
Which companies own the most shares of The Mosaic Company (MOS)?
According to The Vanguard Group, Inc. filings, the company currently owns 39,489,212 shares, which is about 11.44% of the total MOS shares outstanding. The investor’s shares have plunged by -876,105 from its previous 13-F filing of 40365317.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $1,117,367,030. BlackRock Fund Advisors reduced a -4.23% interest valued at $938.04 million while SSgA Funds Management, Inc. sold a -702,155 stake. A total of -80,369 shares of The Mosaic Company were sold by Geode Capital Management LLC during the quarter, and 1,789,613 were bought by Soroban Capital Partners LP. In its current portfolio, Capital Research & Management Co holds 6,196,430 shares valued at $299.47 million.
In terms of The Mosaic Company share price expectations, FactSet research, analysts set an average price target of $65.30 in the next 12 months, up nearly 25.26% from the previous closing price of $51.89. Analysts anticipate The Mosaic Company stock to reach $93.00 by 2022, with the lowest price target being $49.00. In spite of this, 22 analysts ranked The Mosaic Company stock as an Overweight at the end of 2022. On April 20, 2022, Exane BNP Paribas assigned a price target of “a Neutral” to the stock and downgraded coverage with a $82.