The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vulcan Materials Co shares valued at $8,699,714 were sold by Hill J Thomas on Aug 09 ’24. At $244.43 per share, Hill J Thomas sold 35,592 shares. The insider’s holdings dropped to 29,531 shares worth approximately $7.14 million following the completion of this transaction.
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Also, JAMES T HILL purchased 35,592 shares, netting a total of over 8,699,617 in proceeds.
Before that, Clement David P had sold 1,000 shares from its account. In a trade valued at $249,500, the Senior Vice President traded Vulcan Materials Co shares for $249.50 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.4 million.
As published in a research note from JP Morgan on March 22, 2024, Vulcan Materials Co [VMC] has been rated down from an Overweight to a Neutral and the price target has been revised to $270 from $245. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early March. As of January 12, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for VMC. Earlier on January 08, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for VMC stock.
Analyzing VMC Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Vulcan Materials Co shares have jumped approximately 6.44%. Shares of the company reached a 52-week high of $278.79 on 07/31/24 and a 52-week low of $218.37 on 01/03/24. A 50-day SMA is recorded $245.19, while a 200-day SMA reached $250.11. Nevertheless, trading volume fell to 0.87 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Vulcan Materials Co (VMC)
According to the 24-hour chart, there is a support level at 237.68, which, if violated, would cause prices to drop to 233.72. In the upper region, resistance lies at 244.47. The next price resistance is at 247.31. RSI (Relative Strength Index) is 46.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.68, which suggests the price will decrease in the coming days. Percent R is at 76.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
