Positive sentiment towards VMC reflected by a fall of -12.93% in short interest


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vulcan Materials Company shares valued at $468,244 were sold by Clement David P on May 11. At $196.00 per share, Clement David P sold 2,389 shares. The insider’s holdings dropped to 2,887 shares worth approximately $0.56 million following the completion of this transaction.

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Also, Clement David P sold 2,000 shares, netting a total of over 360,000 in proceeds. Following the sale of shares at $180.00 each, the insider now holds 1,970 shares.

Before that, Clement David P had sold 3,377 shares from its account. In a trade valued at $557,985, the Senior Vice President traded Vulcan Materials Company shares for $165.23 each. Upon closing the transaction, the insider’s holdings decreased to 3,377 shares, worth approximately $0.77 million.

Analyzing VMC Stock Performance

On Thursday, Vulcan Materials Company [NYSE: VMC] rose 0.52% to $195.10. The stock’s lowest price that day was $193.515, but it reached a high of $195.86 in the same session. During the last five days, there has been a drop of approximately -0.67%. Over the course of the year, Vulcan Materials Company shares have jumped approximately 11.42%. Shares of the company reached a 52-week high of $199.10 on 05/04/23 and a 52-week low of $159.76 on 03/15/23. A 50-day SMA is recorded $177.55, while a 200-day SMA reached $174.21. Nevertheless, trading volume fell to 0.64 million shares from 0.85 million shares the previous day.

Support And Resistance Levels for Vulcan Materials Company (VMC)

According to the 24-hour chart, there is a support level at 193.79, which, if violated, would cause prices to drop to 192.48. In the upper region, resistance lies at 196.14. The next price resistance is at 197.17. RSI (Relative Strength Index) is 66.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 45.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Vulcan Materials Company subject to short interest?

Stocks of Vulcan Materials Company saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.19 million shares to 1.47 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 1.66 million shares. A decline of -12.93% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.08 of the overall float, the days-to-cover ratio (short ratio) decline to 2.08.

Which companies own the most shares of Vulcan Materials Company (VMC)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,576,920 shares, which is about 10.96% of the total VMC shares outstanding. The investor’s shares have appreciated by 606,719 from its previous 13-F filing of 13970201.0 shares. Massachusetts Financial Services acquire a 0.57% interest valued at $1.55 billion while BlackRock Fund Advisors sold a -60,624 stake. A total of -38,952 shares of Vulcan Materials Company were sold by SSgA Funds Management, Inc. during the quarter, and -83,340 were sold by Principal Global Investors LLC. In its current portfolio, JPMorgan Investment Management, I holds 3,048,382 shares valued at $533.83 million.

In terms of Vulcan Materials Company share price expectations, FactSet research, analysts set an average price target of $220.43 in the next 12 months, up nearly 15.92% from the previous closing price of $194.10. Analysts anticipate Vulcan Materials Company stock to reach $250.00 by 2023, with the lowest price target being $181.00. In spite of this, 24 analysts ranked Vulcan Materials Company stock as an Overweight at the end of 2023.


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