MSC Industrial Direct Co., Inc.’s recently made public that its Director JACOBSON MITCHELL unloaded Company’s shares for reported $2.43 million on Jan 31 ’24. In the deal valued at $99.31 per share,24,501 shares were sold. As a result of this transaction, JACOBSON MITCHELL now holds 1,683,810 shares worth roughly $143.68 million.
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Then, JACOBSON MITCHELL sold 137,716 shares, generating $13,448,876 in total proceeds. Upon selling the shares at $97.66, the Director now owns 1,708,311 shares.
Before that, JACOBSON MITCHELL sold 18,746 shares. MSC Industrial Direct Co., Inc. shares valued at $1,830,159 were divested by the Director at a price of $97.63 per share. As a result of the transaction, JACOBSON MITCHELL now holds 1,846,027 shares, worth roughly $157.52 million.
Robert W. Baird downgraded its MSC Industrial Direct Co., Inc. [MSM] rating to a Neutral from a an Outperform in a research note published on May 29, 2024; the price target was decreased to $95 from $112. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. William Blair revised its rating on June 30, 2022. It rated MSM as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of MSM
On Friday, MSC Industrial Direct Co., Inc. [NYSE:MSM] saw its stock jump 0.27% to $85.33. Over the last five days, the stock has lost -0.66%. MSC Industrial Direct Co., Inc. shares have fallen nearly -15.73% since the year began. Nevertheless, the stocks have fallen -10.28% over the past one year. While a 52-week high of $105.77 was reached on 03/04/24, a 52-week low of $83.57 was recorded on 06/06/24. SMA at 50 days reached $91.34, while 200 days put it at $96.62. 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 MSM Stock
The 24-hour chart illustrates a support level at 84.61, which if violated will result in even more drops to 83.89. On the upside, there is a resistance level at 86.29. A further resistance level may holdings at 87.25. The Relative Strength Index (RSI) on the 14-day chart is 31.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.86%. Stochastics %K at 16.08% indicates the stock is a buying.
The most recent change occurred on August 03, 2021 when Loop Capital began covering the stock and recommended ‘”a Hold”‘ rating along with a $92 price target.
