Sherwin-Williams Co.’s recent filing unveils that its President, Glob. Architectural Binns Justin T unloaded Company’s shares for reported $0.53 million on Mar 13 ’24. In the deal valued at $338.87 per share,1,563 shares were sold. As a result of this transaction, Binns Justin T now holds 14,564 shares worth roughly $4.87 million.
Then, GARCEAU MARY L sold 23,518 shares, generating $7,588,433 in total proceeds. Upon selling the shares at $322.66, the SVP – CLO and Secretary now owns 28,475 shares.
Before that, Jorgenrud Karl J sold 2,690 shares. Sherwin-Williams Co. shares valued at $867,525 were divested by the President, Glob. Industrial at a price of $322.50 per share. As a result of the transaction, Jorgenrud Karl J now holds 12,941 shares, worth roughly $4.33 million.
UBS upgraded its Sherwin-Williams Co. [SHW] rating to a Buy from a a Neutral in a research note published on March 07, 2024; the price target was increased to $402 from $312. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early March with a ‘”a Peer perform”‘ rating. Northcoast also remained covering SHW and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on January 08, 2024. It rated SHW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SHW
On Tuesday, Sherwin-Williams Co. [NYSE:SHW] saw its stock jump 0.68% to $334.55. Over the last five days, the stock has gained 0.18%. Sherwin-Williams Co. shares have risen nearly 7.26% since the year began. Nevertheless, the stocks have risen 49.37% over the past one year. While a 52-week high of $348.37 was reached on 03/28/24, a 52-week low of $221.76 was recorded on 01/25/24. SMA at 50 days reached $326.98, while 200 days put it at $285.57. A total of 0.79 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For SHW Stock
The 24-hour chart illustrates a support level at 328.95, which if violated will result in even more drops to 323.36. On the upside, there is a resistance level at 338.51. A further resistance level may holdings at 342.48. The Relative Strength Index (RSI) on the 14-day chart is 50.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.66%. Stochastics %K at 23.00% indicates the stock is a holding.
How much short interest is there in Sherwin-Williams Co.?
A steep rise in short interest was recorded in Sherwin-Williams Co. stocks on Mar 28, 2024, dropping by 20000.0 shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.58 million shares. There was a decline of -0.78%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.01.
