In a filing, MSC Industrial Direct Co., Inc. revealed its SVP, Sales & Customer Success Shacklett Kimberly unloaded Company’s shares for reported $0.41 million on Jul 17 ’24. In the deal valued at $84.60 per share,4,885 shares were sold. As a result of this transaction, Shacklett Kimberly now holds 12,897 shares worth roughly $1.03 million.
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Then, JACOBSON MITCHELL sold 24,501 shares, generating $2,433,295 in total proceeds. Upon selling the shares at $99.31, the Director now owns 1,683,810 shares.
Before that, JACOBSON MITCHELL sold 137,716 shares. MSC Industrial Direct Co., Inc. shares valued at $13,448,876 were divested by the Director at a price of $97.66 per share. As a result of the transaction, JACOBSON MITCHELL now holds 1,708,311 shares, worth roughly $137.01 million.
Loop Capital downgraded its MSC Industrial Direct Co., Inc. [MSM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid June from “an Overweight” to “a Sector weight”. Robert W. Baird also remained covering MSM and has decreased its forecast on May 29, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Loop Capital revised its rating on October 09, 2023. It rated MSM as “a Buy” which previously was an “a Hold”.
Price Performance Review of MSM
On Tuesday, MSC Industrial Direct Co., Inc. [NYSE:MSM] saw its stock fall -2.49% to $80.20. Over the last five days, the stock has lost -5.61%. MSC Industrial Direct Co., Inc. shares have fallen nearly -20.80% since the year began. Nevertheless, the stocks have fallen -19.57% over the past one year. While a 52-week high of $105.77 was reached on 03/04/24, a 52-week low of $75.05 was recorded on 06/17/24. SMA at 50 days reached $82.07, while 200 days put it at $89.61.
Levels Of Support And Resistance For MSM Stock
The 24-hour chart illustrates a support level at 79.65, which if violated will result in even more drops to 79.10. On the upside, there is a resistance level at 81.25. A further resistance level may holdings at 82.30. The Relative Strength Index (RSI) on the 14-day chart is 41.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.41%. Stochastics %K at 12.32% indicates the stock is a buying.
How much short interest is there in MSC Industrial Direct Co., Inc.?
A steep rise in short interest was recorded in MSC Industrial Direct Co., Inc. stocks on 2024-09-13, growing by 0.37 million shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.92 million shares. There was a rise of 16.2%, which implies that there is a positive sentiment for the stock.
