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. Masco Corp. shares valued at $2,961,459 were sold by Cole Kenneth G. on Sep 10 ’24. At $78.32 per share, Cole Kenneth G. sold 37,814 shares. The insider’s holdings dropped to 36,980 shares worth approximately $3.08 million following the completion of this transaction.
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Also, Cole Kenneth G. purchased 37,814 shares, netting a total of over 2,961,459 in proceeds.
Before that, Zondervan Robin L had added 2,063 shares to its account. In a trade valued at $157,665, the Officer bought Masco Corp. shares for $76.43 each.
As published in their initiating research note from Citigroup on February 02, 2024, Masco Corp. [MAS] has been a Neutral and the price target has been revised to $70. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid January. As of October 17, 2023, Wells Fargo has initiated its “an Overweight” rating for MAS. Earlier on April 28, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for MAS stock which previously was a “a Hold”.
Analyzing MAS Stock Performance
During the last five days, there has been a surge of approximately 5.47%. Over the course of the year, Masco Corp. shares have jumped approximately 24.28%. Shares of the company reached a 52-week high of $83.56 on 09/19/24 and a 52-week low of $63.60 on 01/04/24. A 50-day SMA is recorded $76.29, while a 200-day SMA reached $71.80. Nevertheless, trading volume fell to 1.51 million shares from 1.8 million shares the previous day.
Support And Resistance Levels for Masco Corp. (MAS)
According to the 24-hour chart, there is a support level at 82.14, which, if violated, would cause prices to drop to 81.04. In the upper region, resistance lies at 83.95. The next price resistance is at 84.65. RSI (Relative Strength Index) is 72.69 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.74, which suggests the price will increase in the coming days. Percent R is at 4.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
