In a filing, Mastercard Incorporated revealed its Officer VENKATA R. MADABHUSHI acquired Company’s shares for reported $2.3 million on Sep 27 ’24. In the deal valued at $491.27 per share,4,686 shares were bought.
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Then, Madabhushi Venkata R sold 4,685 shares, generating $2,294,981 in total proceeds. Upon selling the shares at $489.86, the Chief Marketing Officer now owns 15,031 shares.
Before that, VENKATA R. MADABHUSHI bought 4,685 shares. Mastercard Incorporated shares valued at $2,309,752 were divested by the Officer at a price of $493.01 per share.
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 0.03% to $493.80. Over the last five days, the stock has lost -0.67%. Mastercard Incorporated shares have risen nearly 15.78% since the year began. Nevertheless, the stocks have risen 23.62% over the past one year. While a 52-week high of $501.80 was reached on 09/18/24, a 52-week low of $359.77 was recorded on 01/08/24. SMA at 50 days reached $471.01, while 200 days put it at $457.14.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 490.94, which if violated will result in even more drops to 488.09. On the upside, there is a resistance level at 495.82. A further resistance level may holdings at 497.85. The Relative Strength Index (RSI) on the 14-day chart is 60.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.39%. Stochastics %K at 62.87% indicates the stock is a holding.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2024-09-13, growing by 17572.0 shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.35 million shares. There was a rise of 0.33%, 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.
