Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastec Inc. shares valued at $538,481 were sold by Csiszar Ernst N on Aug 22 ’24. At $110.96 per share, Csiszar Ernst N sold 4,853 shares. The insider’s holdings dropped to 25,000 shares worth approximately $2.52 million following the completion of this transaction.
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Also, ERNEST N CSISZAR purchased 4,853 shares, netting a total of over 538,481 in proceeds.
Before that, Campbell C Robert had sold 2,000 shares from its account. In a trade valued at $220,000, the Director traded Mastec Inc. shares for $110.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $5.12 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 -8.10%. Over the course of the year, Mastec Inc. shares have jumped approximately 33.35%. Shares of the company reached a 52-week high of $113.69 on 08/26/24 and a 52-week low of $60.96 on 01/23/24. A 50-day SMA is recorded $106.81, while a 200-day SMA reached $89.67. Nevertheless, trading volume fell to 1.56 million shares from 0.75 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 99.57, which, if violated, would cause prices to drop to 98.17. In the upper region, resistance lies at 103.70. The next price resistance is at 106.43. RSI (Relative Strength Index) is 37.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.46, which suggests the price will decrease in the coming days. Percent R is at 99.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
