In a filing, Mastec Inc. revealed its Officer Apple Robert E acquired Company’s shares for reported $0.1 million on Oct 07 ’24. In the deal valued at $129.93 per share,800 shares were bought.
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Then, Apple Robert E sold 20,000 shares, generating $2,525,400 in total proceeds. Upon selling the shares at $126.27, the COO now owns 217,202 shares.
Before that, Campbell C Robert sold 3,000 shares. Mastec Inc. shares valued at $348,777 were divested by the Director at a price of $116.26 per share. As a result of the transaction, Campbell C Robert now holds 48,173 shares, worth roughly $6.24 million.
JP Morgan initiated its Mastec Inc. [MTZ] rating to an Overweight in a research note published on October 07, 2024; the price target was $153. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Truist began covering MTZ with “Hold” recommendation on March 14, 2024. Craig Hallum revised its rating on March 04, 2024. It rated MTZ as “a Buy” which previously was an “a Hold”.
Price Performance Review of MTZ
On Monday, Mastec Inc. [NYSE:MTZ] saw its stock jump 1.90% to $129.55. Over the last five days, the stock has gained 5.24%. Mastec Inc. shares have risen nearly 71.09% since the year began. Nevertheless, the stocks have risen 90.60% over the past one year. While a 52-week high of $129.49 was reached on 10/07/24, a 52-week low of $44.65 was recorded on 01/23/24. SMA at 50 days reached $112.55, while 200 days put it at $95.68.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 127.64, which if violated will result in even more drops to 125.72. On the upside, there is a resistance level at 130.81. A further resistance level may holdings at 132.06. The Relative Strength Index (RSI) on the 14-day chart is 72.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.28%. Stochastics %K at 88.99% indicates the stock is a selling.
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.
The most recent change occurred on March 04, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $105.
