Sherwin-Williams Co.’s filing revealed that its SVP – Finance & CFO Mistysyn Allen J unloaded Company’s shares for reported $5.33 million on Aug 30 ’24. In the deal valued at $366.83 per share,14,520 shares were sold. As a result of this transaction, Mistysyn Allen J now holds 63,520 shares worth roughly $23.58 million.
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Then, MORIKIS JOHN G sold 115,969 shares, generating $42,275,050 in total proceeds. Upon selling the shares at $364.54, the Executive Chairman now owns 366,546 shares.
Before that, MORIKIS JOHN G bought 115,969 shares. Sherwin-Williams Co. shares valued at $42,274,727 were divested by the Officer at a price of $364.53 per share.
Evercore ISI reiterated its Sherwin-Williams Co. [SHW] rating to an Outperform in a research note published on July 24, 2024; the price target was $365. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late April from “a Sector weight” to “an Overweight”. UBS also remained covering SHW and has increased its forecast on March 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research started covering the stock on March 01, 2024. It rated SHW as “a Peer perform”.
Price Performance Review of SHW
On Friday, Sherwin-Williams Co. [NYSE:SHW] saw its stock fall -0.48% to $371.30. Over the last five days, the stock has lost -2.99%. Sherwin-Williams Co. shares have risen nearly 19.04% since the year began. Nevertheless, the stocks have risen 44.78% over the past one year. While a 52-week high of $385.25 was reached on 09/27/24, a 52-week low of $232.06 was recorded on 06/07/24. SMA at 50 days reached $363.15, while 200 days put it at $326.22.
Levels Of Support And Resistance For SHW Stock
The 24-hour chart illustrates a support level at 368.19, which if violated will result in even more drops to 365.09. On the upside, there is a resistance level at 374.46. A further resistance level may holdings at 377.63. The Relative Strength Index (RSI) on the 14-day chart is 48.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.06%. Stochastics %K at 19.56% indicates the stock is a buying.
How much short interest is there in Sherwin-Williams Co.?
A steep rise in short interest was recorded in Sherwin-Williams Co. stocks on 2024-09-13, dropping by -0.37 million shares to a total of 3.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.44 million shares. There was a decline of -11.92%, which implies that there is a negative sentiment for the stock.
