Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastercard Incorporated shares valued at $97,450 were sold by Mastercard Foundation on Mar 21 ’24. At $487.25 per share, Mastercard Foundation sold 200 shares. The insider’s holdings dropped to 97,543,308 shares worth approximately $46.62 billion following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Madabhushi Venkata R sold 16,038 shares, netting a total of over 7,625,295 in proceeds. Following the sale of shares at $475.45 each, the insider now holds 19,205 shares.
Before that, Miebach Michael had sold 7,850 shares from its account. In a trade valued at $3,732,365, the President & CEO traded Mastercard Incorporated shares for $475.46 each. Upon closing the transaction, the insider’s holdings decreased to 7,850 shares, worth approximately $39.24 million.
As published in a research note from Oppenheimer on January 11, 2024, Mastercard Incorporated [MA] has been rated up from a Perform to an Outperform and the price target has been revised to $510. Analysts at Monness Crespi & Hardt started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December.
Analyzing MA Stock Performance
During the last five days, there has been a drop of approximately -2.07%. Over the course of the year, Mastercard Incorporated shares have jumped approximately 12.06%. Shares of the company reached a 52-week high of $490.00 on 03/21/24 and a 52-week low of $416.53 on 01/08/24. A 50-day SMA is recorded $463.35, while a 200-day SMA reached $416.54. Nevertheless, trading volume fell to 2.31 million shares from 2.52 million shares the previous day.
Support And Resistance Levels for Mastercard Incorporated (MA)
According to the 24-hour chart, there is a support level at 474.41, which, if violated, would cause prices to drop to 470.88. In the upper region, resistance lies at 481.82. The next price resistance is at 485.70. RSI (Relative Strength Index) is 55.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.23, which suggests the price will decrease in the coming days. Percent R is at 47.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Mastercard Incorporated subject to short interest?
Stocks of Mastercard Incorporated saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.19 million shares to 4.71 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.52 million shares. A jump of 4.03% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.93 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.93.
