Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sherwin-Williams Co. shares valued at $529,654 were sold by Binns Justin T on Mar 13 ’24. At $338.87 per share, Binns Justin T sold 1,563 shares. The insider’s holdings dropped to 14,564 shares worth approximately $4.65 million following the completion of this transaction.
Also, GARCEAU MARY L sold 23,518 shares, netting a total of over 7,588,433 in proceeds. Following the sale of shares at $322.66 each, the insider now holds 28,475 shares.
Before that, Jorgenrud Karl J had sold 2,690 shares from its account. In a trade valued at $867,525, the President, Glob. Industrial traded Sherwin-Williams Co. shares for $322.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,690 shares, worth approximately $4.13 million.
As published in a research note from KeyBanc Capital Markets on April 25, 2024, Sherwin-Williams Co. [SHW] has been rated up from a Sector weight to an Overweight and the price target has been revised to $400. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of March 01, 2024, Wolfe Research has initiated its “Peer perform” rating for SHW. Earlier on February 27, 2024, Northcoast upgraded its rating. Their new recommendation was “a Buy” for SHW stock which previously was a “a Neutral”.
Analyzing SHW Stock Performance
During the last five days, there has been a surge of approximately 5.16%. Over the course of the year, Sherwin-Williams Co. shares have jumped approximately 2.28%. Shares of the company reached a 52-week high of $348.37 on 03/28/24 and a 52-week low of $292.00 on 01/25/24. A 50-day SMA is recorded $326.12, while a 200-day SMA reached $290.65. Nevertheless, trading volume fell to 0.93 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for Sherwin-Williams Co. (SHW)
According to the 24-hour chart, there is a support level at 317.66, which, if violated, would cause prices to drop to 316.33. In the upper region, resistance lies at 320.14. The next price resistance is at 321.29. RSI (Relative Strength Index) is 54.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.71, which suggests the price will increase in the coming days. Percent R is at 3.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
