Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Martin Marietta Materials, Inc. shares valued at $6,032,900 were sold by BAR ROSELYN R on Mar 14 ’24. At $603.29 per share, BAR ROSELYN R sold 10,000 shares. The insider’s holdings dropped to 59,970 shares worth approximately $30.35 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, Nye C Howard sold 15,000 shares, netting a total of over 9,063,900 in proceeds. Following the sale of shares at $604.26 each, the insider now holds 134,640 shares.
Before that, Nye C Howard had sold 5,000 shares from its account. In a trade valued at $3,021,300, the Chairman, Pres & CEO traded Martin Marietta Materials, Inc. shares for $604.26 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $35.63 million.
As published in a research note from JP Morgan on March 22, 2024, Martin Marietta Materials, Inc. [MLM] has been rated down from an Overweight to a Neutral and the price target has been revised to $600 from $530. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early March. As of February 22, 2024, HSBC Securities has increased its “Reduce” rating to a “Hold” for MLM. Earlier on January 08, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for MLM stock.
Analyzing MLM Stock Performance
During the last five days, there has been a drop of approximately -1.59%. Over the course of the year, Martin Marietta Materials, Inc. shares have jumped approximately 1.44%. Shares of the company reached a 52-week high of $626.67 on 04/08/24 and a 52-week low of $479.67 on 01/03/24. A 50-day SMA is recorded $544.46, while a 200-day SMA reached $546.66. Nevertheless, trading volume fell to 0.51 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Martin Marietta Materials, Inc. (MLM)
According to the 24-hour chart, there is a support level at 500.54, which, if violated, would cause prices to drop to 495.00. In the upper region, resistance lies at 512.07. The next price resistance is at 518.08. RSI (Relative Strength Index) is 37.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.44, which suggests the price will decrease in the coming days. Percent R is at 91.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
