Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastercard Incorporated shares valued at $550,000 were sold by Arkell Sandra A on Sep 17 ’24. At $500.00 per share, Arkell Sandra A sold 1,100 shares. The insider’s holdings dropped to 3,263 shares worth approximately $1.61 million following the completion of this transaction.
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Also, Madabhushi Venkata R sold 4,685 shares, netting a total of over 2,310,174 in proceeds. Following the sale of shares at $493.10 each, the insider now holds 17,118 shares.
Before that, VENKATA R. MADABHUSHI had added 4,685 shares to its account. In a trade valued at $2,305,535, the Officer bought Mastercard Incorporated shares for $492.11 each.
As published in their initiating research note from Compass Point on September 04, 2024, Mastercard Incorporated [MA] has been a Neutral and the price target has been revised to $525. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of July 10, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for MA. Earlier on May 13, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for MA stock.
Analyzing MA Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, Mastercard Incorporated shares have jumped approximately 16.00%. Shares of the company reached a 52-week high of $501.80 on 09/18/24 and a 52-week low of $416.53 on 01/08/24. A 50-day SMA is recorded $463.06, while a 200-day SMA reached $453.96. Nevertheless, trading volume fell to 2.19 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for Mastercard Incorporated (MA)
According to the 24-hour chart, there is a support level at 491.93, which, if violated, would cause prices to drop to 489.11. In the upper region, resistance lies at 499.69. The next price resistance is at 504.63. RSI (Relative Strength Index) is 66.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.31, which suggests the price will increase in the coming days. Percent R is at 24.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.