Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vulcan Materials Co shares valued at $862,336 were sold by Franklin Denson N. III on Mar 13 ’24. At $269.48 per share, Franklin Denson N. III sold 3,200 shares. The insider’s holdings dropped to 5,395 shares worth approximately $1.38 million following the completion of this transaction.
Also, Clement David P sold 2,842 shares, netting a total of over 747,446 in proceeds. Following the sale of shares at $263.00 each, the insider now holds 3,660 shares.
Before that, Anderson Melissa H. had sold 1,200 shares from its account. In a trade valued at $312,576, the Director traded Vulcan Materials Co shares for $260.48 each. Upon closing the transaction, the insider’s holdings decreased to 1,200 shares, worth approximately $84173.09999999999.
As published in a research note from JP Morgan on March 22, 2024, Vulcan Materials Co [VMC] has been rated down from an Overweight to a Neutral and the price target has been revised to $270 from $245. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early March. As of January 12, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for VMC. Earlier on January 08, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for VMC stock.
Analyzing VMC Stock Performance
During the last five days, there has been a drop of approximately -3.93%. Over the course of the year, Vulcan Materials Co shares have jumped approximately 12.36%. Shares of the company reached a 52-week high of $276.58 on 03/27/24 and a 52-week low of $218.37 on 01/03/24. A 50-day SMA is recorded $262.06, while a 200-day SMA reached $227.79. Nevertheless, trading volume fell to 0.54 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Vulcan Materials Co (VMC)
According to the 24-hour chart, there is a support level at 252.85, which, if violated, would cause prices to drop to 250.64. In the upper region, resistance lies at 258.77. The next price resistance is at 262.48. RSI (Relative Strength Index) is 34.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.09, which suggests the price will decrease in the coming days. Percent R is at 96.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
