Construction Partners Inc’s recent filing unveils that its Director SunTx Capital II Management Co unloaded Company’s shares for reported $2.21 million on Dec 20 ’23. In the deal valued at $44.21 per share,50,000 shares were sold. As a result of this transaction, SunTx Capital II Management Co now holds 128,134 shares worth roughly $6.41 million.
Then, Jennings Craig sold 22,500 shares, generating $979,425 in total proceeds. Upon selling the shares at $43.53, the Director now owns 0 shares.
Before that, Matteson Mark R sold 90,000 shares. Construction Partners Inc shares valued at $3,914,438 were divested by the Director at a price of $43.49 per share. As a result of the transaction, Matteson Mark R now holds 10,000 shares, worth roughly $0.5 million.
Sidoti downgraded its Construction Partners Inc [ROAD] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Neutral”. Sidoti started covering the stock on June 01, 2022. It rated ROAD as “a Buy”.
Price Performance Review of ROAD
On Friday, Construction Partners Inc [NASDAQ:ROAD] saw its stock fall -2.49% to $50.03. Over the last five days, the stock has lost -10.20%. Construction Partners Inc shares have risen nearly 14.96% since the year began. Nevertheless, the stocks have risen 93.17% over the past one year. While a 52-week high of $58.65 was reached on 04/04/24, a 52-week low of $24.20 was recorded on 01/09/24. SMA at 50 days reached $51.70, while 200 days put it at $41.57. A total of 0.61 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For ROAD Stock
The 24-hour chart illustrates a support level at 49.06, which if violated will result in even more drops to 48.09. On the upside, there is a resistance level at 51.10. A further resistance level may holdings at 52.17. The Relative Strength Index (RSI) on the 14-day chart is 34.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.83%. Stochastics %K at 9.89% indicates the stock is a buying.
