Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastercard Incorporated shares valued at $2,294,981 were sold by Madabhushi Venkata R on Sep 20 ’24. At $489.86 per share, Madabhushi Venkata R sold 4,685 shares. The insider’s holdings dropped to 15,031 shares worth approximately $7.38 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, VENKATA R. MADABHUSHI purchased 4,685 shares, netting a total of over 2,309,752 in proceeds.
Before that, Arkell Sandra A had sold 1,100 shares from its account. In a trade valued at $550,000, the Controller traded Mastercard Incorporated shares for $500.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $1.6 million.
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 drop of approximately -0.35%. Over the course of the year, Mastercard Incorporated shares have jumped approximately 15.18%. 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 $469.11, while a 200-day SMA reached $456.38. Nevertheless, trading volume fell to 3.07 million shares from 3.48 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 488.97, which, if violated, would cause prices to drop to 486.67. In the upper region, resistance lies at 493.60. The next price resistance is at 495.92. RSI (Relative Strength Index) is 58.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.00, which suggests the price will decrease in the coming days. Percent R is at 43.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
