Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastec Inc. shares valued at $104,028 were sold by Apple Robert E on Oct 07 ’24. At $130.04 per share, Apple Robert E sold 800 shares. The insider’s holdings dropped to 216,402 shares worth approximately $27.44 million following the completion of this transaction.
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Also, Apple Robert E sold 177 shares, netting a total of over 23,010 in proceeds. Following the sale of shares at $130.00 each, the insider now holds 216,225 shares.
Before that, Apple Robert E had added 177 shares to its account. In a trade valued at $22,929, the Officer bought Mastec Inc. shares for $129.54 each.
As published in their initiating research note from JP Morgan on October 07, 2024, Mastec Inc. [MTZ] has been an Overweight and the price target has been revised to $153. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of March 14, 2024, Truist has initiated its “Hold” rating for MTZ. Earlier on March 04, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MTZ stock which previously was a “a Hold”.
Analyzing MTZ Stock Performance
During the last five days, there has been a surge of approximately 0.89%. Over the course of the year, Mastec Inc. shares have jumped approximately 67.43%. Shares of the company reached a 52-week high of $130.22 on 10/08/24 and a 52-week low of $60.96 on 01/23/24. A 50-day SMA is recorded $113.74, while a 200-day SMA reached $96.51. Nevertheless, trading volume fell to 0.53 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Mastec Inc. (MTZ)
According to the 24-hour chart, there is a support level at 125.61, which, if violated, would cause prices to drop to 124.43. In the upper region, resistance lies at 127.57. The next price resistance is at 128.36. RSI (Relative Strength Index) is 64.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.35, which suggests the price will increase in the coming days. Percent R is at 33.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
