Masco Corp.’s recent filing unveils that its President and CEO Allman Keith J. unloaded Company’s shares for reported $95.54 million on Mar 06 ’24. In the deal valued at $75.79 per share,1,260,508 shares were sold. As a result of this transaction, Allman Keith J. now holds 190,079 shares worth roughly $13.98 million.
Then, Straber Renee sold 52,264 shares, generating $3,988,423 in total proceeds. Upon selling the shares at $76.31, the VP – Chief HR Officer now owns 33,864 shares.
Before that, Marshall Richard Allan sold 5,000 shares. Masco Corp. shares valued at $385,257 were divested by the VP – Masco Operating Sys. at a price of $77.05 per share. As a result of the transaction, Marshall Richard Allan now holds 10,465 shares, worth roughly $0.77 million.
Citigroup initiated its Masco Corp. [MAS] rating to a Neutral in a research note published on February 02, 2024; the price target was $70. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. Wells Fargo began covering MAS with “an Overweight” recommendation on October 17, 2023. Jefferies revised its rating on April 28, 2023. It rated MAS as “a Buy” which previously was an “a Hold”.
Price Performance Review of MAS
On Friday, Masco Corp. [NYSE:MAS] saw its stock jump 0.10% to $73.55. Over the last five days, the stock has lost -4.36%. Masco Corp. shares have risen nearly 9.81% since the year began. Nevertheless, the stocks have risen 51.99% over the past one year. While a 52-week high of $78.94 was reached on 03/28/24, a 52-week low of $47.66 was recorded on 01/04/24. SMA at 50 days reached $74.93, while 200 days put it at $63.08. A total of 1.89 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For MAS Stock
The 24-hour chart illustrates a support level at 73.04, which if violated will result in even more drops to 72.53. On the upside, there is a resistance level at 73.81. A further resistance level may holdings at 74.08. The Relative Strength Index (RSI) on the 14-day chart is 40.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.64%. Stochastics %K at 19.77% indicates the stock is a buying.
