Mastercard Incorporated’s recent filing unveils that its Officer VENKATA R. MADABHUSHI acquired Company’s shares for reported $2.31 million on Sep 13 ’24. In the deal valued at $492.11 per share,4,685 shares were bought.
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Then, AJAY BHALLAFLAT 3 DUNCAN HOUSE bought 8,000 shares, generating $3,846,400 in total proceeds.
Before that, Arkell Sandra A sold 1,100 shares. Mastercard Incorporated shares valued at $528,000 were divested by the Controller at a price of $480.00 per share. As a result of the transaction, Arkell Sandra A now holds 3,263 shares, worth roughly $1.62 million.
Compass Point initiated its Mastercard Incorporated [MA] rating to a Neutral in a research note published on September 04, 2024; the price target was $525. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early September from “an Outperform” to “a Neutral”. BofA Securities also remained covering MA and has decreased its forecast on July 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler started covering the stock on May 13, 2024. It rated MA as “an Overweight”.
Price Performance Review of MA
On Monday, Mastercard Incorporated [NYSE:MA] saw its stock jump 0.88% to $497.71. Over the last five days, the stock has gained 2.18%. Mastercard Incorporated shares have risen nearly 16.69% since the year began. Nevertheless, the stocks have risen 20.41% over the past one year. While a 52-week high of $496.85 was reached on 09/16/24, a 52-week low of $359.77 was recorded on 01/08/24. SMA at 50 days reached $460.97, while 200 days put it at $453.10.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 494.63, which if violated will result in even more drops to 491.54. On the upside, there is a resistance level at 499.56. A further resistance level may holdings at 501.40. The Relative Strength Index (RSI) on the 14-day chart is 73.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.03%. Stochastics %K at 94.60% indicates the stock is a selling.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2024-08-30, growing by 0.74 million shares to a total of 5.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.18 million shares. There was a rise of 12.47%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 11, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $545 price target.
