Mastec Inc.’s filing revealed that its COO Apple Robert E unloaded Company’s shares for reported $2.53 million on Sep 20 ’24. In the deal valued at $126.27 per share,20,000 shares were sold. As a result of this transaction, Apple Robert E now holds 217,202 shares worth roughly $26.54 million.
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Then, Campbell C Robert sold 3,000 shares, generating $348,777 in total proceeds. Upon selling the shares at $116.26, the Director now owns 48,173 shares.
Before that, Apple Robert E bought 20,000 shares. Mastec Inc. shares valued at $2,525,450 were divested by the Officer at a price of $126.27 per share.
TD Cowen reiterated its Mastec Inc. [MTZ] rating to a Buy in a research note published on May 06, 2024; the price target was $110. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Hold”‘ rating. Craig Hallum also remained covering MTZ and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on March 04, 2024. It rated MTZ as “an Outperform”.
Price Performance Review of MTZ
On Tuesday, Mastec Inc. [NYSE:MTZ] saw its stock fall -0.75% to $122.18. Over the last five days, the stock has lost -1.47%. Mastec Inc. shares have risen nearly 61.36% since the year began. Nevertheless, the stocks have risen 69.77% over the past one year. While a 52-week high of $127.97 was reached on 09/20/24, a 52-week low of $44.65 was recorded on 01/23/24. SMA at 50 days reached $111.00, while 200 days put it at $94.61.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 120.26, which if violated will result in even more drops to 118.33. On the upside, there is a resistance level at 123.72. A further resistance level may holdings at 125.26. The Relative Strength Index (RSI) on the 14-day chart is 62.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.35%. Stochastics %K at 78.45% indicates the stock is a holding.
How much short interest is there in Mastec Inc.?
A steep rise in short interest was recorded in Mastec Inc. stocks on 2024-09-13, growing by 0.21 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.57 million shares. There was a rise of 7.59%, which implies that there is a positive sentiment for the stock.
