The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mosaic Company shares valued at $1,111,478 were sold by Precourt Walter F. III on Aug 13 ’24. At $27.96 per share, Precourt Walter F. III sold 39,748 shares. The insider’s holdings dropped to 136,682 shares worth approximately $3.4 million following the completion of this transaction.
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Also, WESTBROOK KELVIN R sold 12,666 shares, netting a total of over 346,042 in proceeds. Following the sale of shares at $27.32 each, the insider now holds 34,359 shares.
Before that, Precourt Walter F. III had added 39,748 shares to its account. In a trade valued at $1,111,478, the Officer bought Mosaic Company shares for $27.96 each.
As published in their initiating research note from Wolfe Research on March 01, 2024, Mosaic Company [MOS] has been an Outperform and the price target has been revised to $39. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late February. As of February 22, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for MOS. Earlier on January 24, 2024, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for MOS stock which previously was a “a Buy”.
Analyzing MOS Stock Performance
During the last five days, there has been a drop of approximately -9.03%. Over the course of the year, Mosaic Company shares have dropped approximately -30.34%. Shares of the company reached a 52-week high of $37.29 on 01/03/24 and a 52-week low of $24.11 on 09/11/24. A 50-day SMA is recorded $27.91, while a 200-day SMA reached $30.85. Nevertheless, trading volume fell to 4.41 million shares from 6.01 million shares the previous day.
Support And Resistance Levels for Mosaic Company (MOS)
According to the 24-hour chart, there is a support level at 24.36, which, if violated, would cause prices to drop to 23.83. In the upper region, resistance lies at 25.18. The next price resistance is at 25.47. RSI (Relative Strength Index) is 30.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.39, which suggests the price will decrease in the coming days. Percent R is at 84.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
