Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sherwin-Williams Co. shares valued at $5,326,372 were sold by Mistysyn Allen J on Aug 30 ’24. At $366.83 per share, Mistysyn Allen J sold 14,520 shares. The insider’s holdings dropped to 63,520 shares worth approximately $24.07 million following the completion of this transaction.
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Also, MORIKIS JOHN G sold 115,969 shares, netting a total of over 42,275,050 in proceeds. Following the sale of shares at $364.54 each, the insider now holds 366,546 shares.
Before that, MORIKIS JOHN G had added 115,969 shares to its account. In a trade valued at $42,274,727, the Officer bought Sherwin-Williams Co. shares for $364.53 each.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, Sherwin-Williams Co. [SHW] has been rated down from an Overweight to a Sector weight. Analysts at Evercore ISI resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of April 25, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for SHW. Earlier on March 07, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for SHW stock which previously was a “a Neutral”.
Analyzing SHW Stock Performance
During the last five days, there has been a surge of approximately 0.21%. Over the course of the year, Sherwin-Williams Co. shares have jumped approximately 21.50%. Shares of the company reached a 52-week high of $385.25 on 09/27/24 and a 52-week low of $282.09 on 06/07/24. A 50-day SMA is recorded $364.49, while a 200-day SMA reached $327.23. Nevertheless, trading volume fell to 0.83 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Sherwin-Williams Co. (SHW)
According to the 24-hour chart, there is a support level at 375.67, which, if violated, would cause prices to drop to 372.38. In the upper region, resistance lies at 380.71. The next price resistance is at 382.46. RSI (Relative Strength Index) is 58.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.82, which suggests the price will decrease in the coming days. Percent R is at 29.39%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
