Vulcan Materials Co’s filing revealed that its Chairman & CEO Hill J Thomas unloaded Company’s shares for reported $8.7 million on Aug 09 ’24. In the deal valued at $244.43 per share,35,592 shares were sold. As a result of this transaction, Hill J Thomas now holds 29,531 shares worth roughly $7.31 million.
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Then, JAMES T HILL bought 35,592 shares, generating $8,699,617 in total proceeds.
Before that, Clement David P sold 1,000 shares. Vulcan Materials Co shares valued at $249,500 were divested by the Senior Vice President at a price of $249.50 per share. As a result of the transaction, Clement David P now holds 1,660 shares, worth roughly $0.41 million.
JP Morgan downgraded its Vulcan Materials Co [VMC] rating to a Neutral from a an Overweight in a research note published on March 22, 2024; the price target was increased to $270 from $245. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Peer perform”. RBC Capital Mkts also remained covering VMC and has decreased its forecast on January 12, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on January 08, 2024. It rated VMC as “an Equal-weight”.
Price Performance Review of VMC
On Friday, Vulcan Materials Co [NYSE:VMC] saw its stock jump 1.48% to $247.51. Over the last five days, the stock has gained 2.52%. Vulcan Materials Co shares have risen nearly 9.03% since the year began. Nevertheless, the stocks have risen 15.25% over the past one year. While a 52-week high of $278.79 was reached on 07/31/24, a 52-week low of $190.51 was recorded on 01/03/24. SMA at 50 days reached $244.11, while 200 days put it at $250.32.
Levels Of Support And Resistance For VMC Stock
The 24-hour chart illustrates a support level at 244.79, which if violated will result in even more drops to 242.07. On the upside, there is a resistance level at 249.38. A further resistance level may holdings at 251.25. The Relative Strength Index (RSI) on the 14-day chart is 55.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.43%. Stochastics %K at 37.67% indicates the stock is a holding.
How much short interest is there in Vulcan Materials Co?
A steep rise in short interest was recorded in Vulcan Materials Co stocks on 2024-09-30, dropping by -0.18 million shares to a total of 1.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.77 million shares. There was a decline of -11.16%, which implies that there is a negative sentiment for the stock.
