Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sherwin-Williams Co. shares valued at $650,000 were sold by Young Bryan J on Aug 15 ’24. At $354.61 per share, Young Bryan J sold 1,833 shares. The insider’s holdings dropped to 8,353 shares worth approximately $2.99 million following the completion of this transaction.
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, Young Bryan J purchased 1,833 shares, netting a total of over 653,410 in proceeds.
Before that, CRONIN JANE M. had sold 9,320 shares from its account. In a trade valued at $3,268,990, the SVP – Enterprise Finance traded Sherwin-Williams Co. shares for $350.75 each. Upon closing the transaction, the insider’s holdings decreased to 9,320 shares, worth approximately $6.02 million.
As published in a research note from Evercore ISI on July 24, 2024, Sherwin-Williams Co. [SHW] has been retained to an Outperform and the price target has been revised to $365. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of March 07, 2024, UBS has increased its “Neutral” rating to a “Buy” for SHW. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for SHW stock.
Analyzing SHW Stock Performance
During the last five days, there has been a surge of approximately 1.65%. Over the course of the year, Sherwin-Williams Co. shares have jumped approximately 14.77%. Shares of the company reached a 52-week high of $358.88 on 08/21/24 and a 52-week low of $282.09 on 06/07/24. A 50-day SMA is recorded $324.07, while a 200-day SMA reached $311.47. Nevertheless, trading volume fell to 1.03 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Sherwin-Williams Co. (SHW)
According to the 24-hour chart, there is a support level at 355.31, which, if violated, would cause prices to drop to 352.64. In the upper region, resistance lies at 359.76. The next price resistance is at 361.54. RSI (Relative Strength Index) is 67.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.64, which suggests the price will increase in the coming days. Percent R is at 4.00%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
