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Checking in on Eagle Materials Inc. (EXP) after recent insiders movement

Eagle Materials Inc.’s filing revealed that its Officer Kesler Dale Craig acquired Company’s shares for reported $1.33 million on Jul 31 ’24. In the deal valued at $266.72 per share,5,000 shares were bought.

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Then, Cribbs Eric bought 450 shares, generating $124,544 in total proceeds.

Before that, Kesler Dale Craig sold 5,000 shares. Eagle Materials Inc. shares valued at $1,333,800 were divested by the EVP and CFO at a price of $266.76 per share. As a result of the transaction, Kesler Dale Craig now holds 60,488 shares, worth roughly $14.85 million.

Loop Capital upgraded its Eagle Materials Inc. [EXP] rating to a Buy from a a Hold in a research note published on January 08, 2024; the price target was increased to $240 from $170. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “a Neutral”. JP Morgan also remained covering EXP and has decreased its forecast on July 06, 2023 with a “an Underweight” recommendation from previously “Neutral” rating.

Price Performance Review of EXP

On Tuesday, Eagle Materials Inc. [NYSE:EXP] saw its stock jump 2.56% to $245.47. Over the last five days, the stock has lost -0.12%. Eagle Materials Inc. shares have risen nearly 21.02% since the year began. Nevertheless, the stocks have risen 33.71% over the past one year. While a 52-week high of $279.69 was reached on 07/31/24, a 52-week low of $145.03 was recorded on 01/04/24. SMA at 50 days reached $231.08, while 200 days put it at $226.43.

Levels Of Support And Resistance For EXP Stock

The 24-hour chart illustrates a support level at 241.22, which if violated will result in even more drops to 236.97. On the upside, there is a resistance level at 248.02. A further resistance level may holdings at 250.58. The Relative Strength Index (RSI) on the 14-day chart is 53.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.49%. Stochastics%K at 28.54% indicates the stock is a holding.

How much short interest is there in Eagle Materials Inc.?

A steep rise in short interest was recorded in Eagle Materials Inc. stocks on , dropping by -0.25 million shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.35 million shares. There was a decline of -22.73%, which implies that there is a negative sentiment for the stock.

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