Vulcan Materials Co’s filing revealed that its Senior Vice President Clement David P unloaded Company’s shares for reported $0.25 million on May 30 ’24. In the deal valued at $254.50 per share,1,000 shares were sold. As a result of this transaction, Clement David P now holds 2,660 shares worth roughly $0.68 million.
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Then, BAKER THOMPSON S II sold 6,610 shares, generating $1,802,120 in total proceeds. Upon selling the shares at $272.64, the President now owns 0 shares.
Before that, BAKER THOMPSON S II sold 8,600 shares. Vulcan Materials Co shares valued at $2,347,354 were divested by the President at a price of $272.95 per share. As a result of the transaction, BAKER THOMPSON S II now holds 1,300 shares, worth roughly $0.33 million.
JP Morgan downgraded its Vulcan Materials Co [VMC] rating to a Neutral from a an Overweight in a research note published on March 22, 2024; the price target was increased to $270 from $245. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Peer perform”. RBC Capital Mkts also remained covering VMC and has decreased its forecast on January 12, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on January 08, 2024. It rated VMC as “an Equal-weight”.
Price Performance Review of VMC
On Friday, Vulcan Materials Co [NYSE:VMC] saw its stock jump 0.67% to $255.77. Over the last five days, the stock has lost -0.56%. Vulcan Materials Co shares have risen nearly 12.67% since the year began. Nevertheless, the stocks have risen 30.83% over the past one year. While a 52-week high of $276.58 was reached on 03/27/24, a 52-week low of $190.51 was recorded on 01/03/24. SMA at 50 days reached $263.63, while 200 days put it at $233.56. A total of 1.63 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For VMC Stock
The 24-hour chart illustrates a support level at 248.67, which if violated will result in even more drops to 241.56. On the upside, there is a resistance level at 259.62. A further resistance level may holdings at 263.46. The Relative Strength Index (RSI) on the 14-day chart is 42.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.37%. Stochastics %K at 17.25% indicates the stock is a buying.
