In a filing, Eagle Materials Inc. revealed its President and CEO Haack Michael unloaded Company’s shares for reported $8.08 million on Mar 06 ’24. In the deal valued at $254.90 per share,31,700 shares were sold. As a result of this transaction, Haack Michael now holds 94,229 shares worth roughly $24.42 million.
Then, Cribbs Eric sold 6,570 shares, generating $1,704,915 in total proceeds. Upon selling the shares at $259.50, the President (American Gypsum) now owns 15,654 shares.
Before that, Newby Matt sold 2,940 shares. Eagle Materials Inc. shares valued at $738,385 were divested by the EVP & General Counsel at a price of $251.15 per share. As a result of the transaction, Newby Matt now holds 21,819 shares, worth roughly $5.66 million.
Loop Capital upgraded its Eagle Materials Inc. [EXP] rating to a Buy from a a Hold in a research note published on January 08, 2024; the price target was increased to $240 from $170. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “a Neutral”. JP Morgan also remained covering EXP and has decreased its forecast on July 06, 2023 with a “an Underweight” recommendation from previously “Neutral” rating.
Price Performance Review of EXP
On Tuesday, Eagle Materials Inc. [NYSE:EXP] saw its stock fall -2.66% to $259.19. Over the last five days, the stock has lost -1.83%. Eagle Materials Inc. shares have risen nearly 27.78% since the year began. Nevertheless, the stocks have risen 90.18% over the past one year. While a 52-week high of $272.72 was reached on 03/27/24, a 52-week low of $135.31 was recorded on 01/04/24. SMA at 50 days reached $251.80, while 200 days put it at $199.34. A total of 0.25 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For EXP Stock
The 24-hour chart illustrates a support level at 255.25, which if violated will result in even more drops to 251.30. On the upside, there is a resistance level at 265.45. A further resistance level may holdings at 271.71. The Relative Strength Index (RSI) on the 14-day chart is 50.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.98%. Stochastics %K at 58.06% indicates the stock is a holding.
How much short interest is there in Eagle Materials Inc.?
A steep rise in short interest was recorded in Eagle Materials Inc. stocks on Mar 15, 2024, growing by 0.24 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.75 million shares. There was a rise of 24.34%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.31% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.17.
