The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Masco Corp. shares valued at $157,665 were purchased by Zondervan Robin L on Jul 26 ’24. At $76.43 per share, Zondervan Robin L acquired 2,063 shares.
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Also, Allman Keith J. sold 1,260,508 shares, netting a total of over 95,538,185 in proceeds. Following the sale of shares at $75.79 each, the insider now holds 190,079 shares.
Before that, Straber Renee had sold 52,264 shares from its account. In a trade valued at $3,988,423, the VP – Chief HR Officer traded Masco Corp. shares for $76.31 each. Upon closing the transaction, the insider’s holdings decreased to 52,264 shares, worth approximately $2.58 million.
As published in their initiating research note from Citigroup on February 02, 2024, Masco Corp. [MAS] has been a Neutral and the price target has been revised to $70. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid January. As of October 17, 2023, Wells Fargo has initiated its “an Overweight” rating for MAS. Earlier on April 28, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for MAS stock which previously was a “a Hold”.
Analyzing MAS Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Masco Corp. shares have jumped approximately 13.78%. Shares of the company reached a 52-week high of $79.54 on 07/31/24 and a 52-week low of $63.60 on 01/04/24. A 50-day SMA is recorded $69.53, while a 200-day SMA reached $68.06. Nevertheless, trading volume fell to 1.76 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Masco Corp. (MAS)
According to the 24-hour chart, there is a support level at 74.97, which, if violated, would cause prices to drop to 73.72. In the upper region, resistance lies at 78.16. The next price resistance is at 80.10. RSI (Relative Strength Index) is 62.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.01, which suggests the price will increase in the coming days. Percent R is at 35.96%, indicating low price movement. Stochastics%K at selling indicates that the stock is to be held.
