Vulcan Materials Co’s recently made public that its SVP, Gen. Counsel & Secretary Franklin Denson N. III unloaded Company’s shares for reported $0.86 million on Mar 13 ’24. In the deal valued at $269.48 per share,3,200 shares were sold. As a result of this transaction, Franklin Denson N. III now holds 5,395 shares worth roughly $1.46 million.
Then, Clement David P sold 2,842 shares, generating $747,446 in total proceeds. Upon selling the shares at $263.00, the Senior Vice President now owns 3,660 shares.
Before that, Anderson Melissa H. sold 1,200 shares. Vulcan Materials Co shares valued at $312,576 were divested by the Director at a price of $260.48 per share. As a result of the transaction, Anderson Melissa H. now holds 330 shares, worth roughly $89007.6.
JP Morgan downgraded its Vulcan Materials Co [VMC] rating to a Neutral from a an Overweight in a research note published on March 22, 2024; the price target was increased to $270 from $245. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Peer perform”. RBC Capital Mkts also remained covering VMC and has decreased its forecast on January 12, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on January 08, 2024. It rated VMC as “an Equal-weight”.
Price Performance Review of VMC
On Monday, Vulcan Materials Co [NYSE:VMC] saw its stock fall -0.16% to $269.72. Over the last five days, the stock has gained 0.01%. Vulcan Materials Co shares have risen nearly 18.81% since the year began. Nevertheless, the stocks have risen 64.40% over the past one year. While a 52-week high of $276.58 was reached on 03/27/24, a 52-week low of $162.00 was recorded on 01/03/24. SMA at 50 days reached $256.94, while 200 days put it at $226.12. A total of 0.58 million shares were traded, compared to the trading of 53627.0 shares in the previous session.
Levels Of Support And Resistance For VMC Stock
The 24-hour chart illustrates a support level at 268.86, which if violated will result in even more drops to 268.00. On the upside, there is a resistance level at 271.10. A further resistance level may holdings at 272.48. The Relative Strength Index (RSI) on the 14-day chart is 55.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.23%. Stochastics %K at 35.64% indicates the stock is a holding.
How much short interest is there in Vulcan Materials Co?
A steep rise in short interest was recorded in Vulcan Materials Co stocks on Mar 15, 2024, growing by 0.2 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.74 million shares. There was a rise of 10.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.99.
