MSC Industrial Direct Co. Inc.’s filing revealed that its SVP & Chief People Officer Bledsoe Elizabeth unloaded Company’s shares for reported $0.31 million on Jul 28. In the deal valued at $99.90 per share,3,094 shares were sold. As a result of this transaction, Bledsoe Elizabeth now holds 3,398 shares worth roughly $ 0.33 million.
Then, Shacklett Kimberly sold 6,442 shares, generating $586,189 in total proceeds. Upon selling the shares at $90.99, the SVP, Sales & Customer Success now owns 10,716 shares.
Before that, Jones Douglas E sold 885 shares. MSC Industrial Direct Co. Inc. shares valued at $77,880 were divested by the EVP, Chief Supply Chain at a price of $88.00 per share. As a result of the transaction, Jones Douglas E now holds 4,938 shares, worth roughly $0.48 million.
PT values the company’s stock at a premium of -16.69 to its Tuesday closing price.
Price Performance Review of MSM
On Tuesday, MSC Industrial Direct Co. Inc. [NYSE:MSM] saw its stock fall -3.60% to $98.02. On the same session, the stock had its day’s lowest price of $96.38, but rose to a high of $101.05. Over the last five days, the stock has lost -3.60%. MSC Industrial Direct Co. Inc. shares have risen nearly 19.98% since the year began. Nevertheless, the stocks have risen 23.81% over the past one year. While a 52-week high of $103.95 was reached on 08/10/23, a 52-week low of $71.32 was recorded on 01/20/23. SMA at 50 days reached $99.34, while 200 days put it at $89.52. A total of 0.79 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For MSM Stock
The 24-hour chart illustrates a support level at 95.92, which if violated will result in even more drops to 93.81. On the upside, there is a resistance level at 100.59. A further resistance level may holdings at 103.15. The Relative Strength Index (RSI) on the 14-day chart is 37.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.02%. Stochastics %K at 50.27% indicates the stock is a holding.
How much short interest is there in MSC Industrial Direct Co. Inc.?
A steep rise in short interest was recorded in MSC Industrial Direct Co. Inc. stocks on Aug 14, 2023, growing by 0.2 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.24 million shares. There was a rise of 13.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.5.
MSC Industrial Direct Co. Inc. [MSM] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,017,200 shares, or roughly 10.59% of the outstanding MSM shares. In other words, the investor’s shares have fallen by -164,831 from its previous 13-F filing of 5182031.0. Additionally, The Vanguard Group, Inc. decreased -0.69% of its stake after which the total value it holdings stand at $459,748,629, while American Century Investment Manag reduced -20.17% of its stake to hold $235.77 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -36,356 shares of MSC Industrial Direct Co. Inc., while Epoch Investment Partners, Inc. sold -36,530 shares. At present, Charles Schwab Investment Managem is holding 1,027,668 shares valued at $103.71 million. Janus Henderson Investors US LLC owned 934,563 shares of the company at the time of its most recent 13F filing, worth $94.32 million.
According to FactSet, MSC Industrial Direct Co. Inc.’s share price will average $102.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.79 percent from its previous closing price of $101.68. Analysts expect MSC Industrial Direct Co. Inc. stock to reach the higher price of $110.00, while the lowest price estimate is $89.00. However, 9 analysts have rated MSM stock as an Overweight in their predictions for 2023.