Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastec Inc. shares valued at $220,000 were sold by Campbell C Robert on May 22 ’24. At $110.00 per share, Campbell C Robert sold 2,000 shares. The insider’s holdings dropped to 50,725 shares worth approximately $5.51 million following the completion of this transaction.
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Also, Campbell C Robert sold 3,000 shares, netting a total of over 324,000 in proceeds. Following the sale of shares at $108.00 each, the insider now holds 52,289 shares.
Before that, Palomarez Javier Alberto had sold 650 shares from its account. In a trade valued at $70,200, the Director traded Mastec Inc. shares for $108.00 each. Upon closing the transaction, the insider’s holdings decreased to 650 shares, worth approximately $1.09 million.
As published in a research note from TD Cowen on May 06, 2024, Mastec Inc. [MTZ] has been retained to a Buy and the price target has been revised to $110. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in mid March. As of March 04, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for MTZ. Earlier on March 04, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for MTZ stock.
Analyzing MTZ Stock Performance
During the last five days, there has been a drop of approximately -1.83%. Over the course of the year, Mastec Inc. shares have jumped approximately 43.49%. Shares of the company reached a 52-week high of $113.12 on 05/28/24 and a 52-week low of $60.96 on 01/23/24. A 50-day SMA is recorded $102.78, while a 200-day SMA reached $79.64. Nevertheless, trading volume fell to 0.82 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Mastec Inc. (MTZ)
According to the 24-hour chart, there is a support level at 107.51, which, if violated, would cause prices to drop to 106.37. In the upper region, resistance lies at 109.68. The next price resistance is at 110.72. RSI (Relative Strength Index) is 52.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 48.22%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
