Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastercard Incorporated shares valued at $6,209,087 were purchased by SACHIN MEHRA on Aug 05 ’24. At $462.02 per share, SACHIN MEHRA acquired 13,439 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SACHIN J. MEHRA sold 13,439 shares, netting a total of over 6,114,745 in proceeds. Following the sale of shares at $455.00 each, the insider now holds 27,304 shares.
Before that, HAI LING had added 2,892 shares to its account. In a trade valued at $1,341,049, the Officer bought Mastercard Incorporated shares for $463.71 each.
As published in a research note from BofA Securities on July 10, 2024, Mastercard Incorporated [MA] has been rated down from a Buy to a Neutral and the price target has been revised to $480 from $505. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid May. As of April 11, 2024, TD Cowen has initiated its “Buy” rating for MA. Earlier on January 11, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for MA stock which previously was a “a Perform”.
Analyzing MA Stock Performance
During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Mastercard Incorporated shares have jumped approximately 6.82%. Shares of the company reached a 52-week high of $490.00 on 03/21/24 and a 52-week low of $416.53 on 01/08/24. A 50-day SMA is recorded $446.50, while a 200-day SMA reached $442.17. Nevertheless, trading volume fell to 1.59 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for Mastercard Incorporated (MA)
According to the 24-hour chart, there is a support level at 452.32, which, if violated, would cause prices to drop to 449.05. In the upper region, resistance lies at 457.56. The next price resistance is at 459.53. RSI (Relative Strength Index) is 55.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.92, which suggests the price will increase in the coming days. Percent R is at 40.81%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
