Masco Corp.’s recent filing unveils that its VP, General Counsel and Sec. Cole Kenneth G. unloaded Company’s shares for reported $2.96 million on Sep 10 ’24. In the deal valued at $78.32 per share,37,814 shares were sold. As a result of this transaction, Cole Kenneth G. now holds 36,980 shares worth roughly $-3.14 million.
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Then, Cole Kenneth G. bought 37,814 shares, generating $2,961,459 in total proceeds.
Before that, Zondervan Robin L bought 2,063 shares. Masco Corp. shares valued at $157,665 were divested by the Officer at a price of $76.43 per share.
Citigroup initiated its Masco Corp. [MAS] rating to a Neutral in a research note published on February 02, 2024; the price target was $70. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. Wells Fargo began covering MAS with “an Overweight” recommendation on October 17, 2023. Jefferies revised its rating on April 28, 2023. It rated MAS as “a Buy” which previously was an “a Hold”.
Price Performance Review of MAS
On Monday, Masco Corp. [NYSE:MAS] saw its stock jump 1.58% to $84.81. Over the last five days, the stock has gained 2.39%. Masco Corp. shares have risen nearly 26.62% since the year began. Nevertheless, the stocks have risen 64.30% over the past one year. While a 52-week high of $84.69 was reached on 10/14/24, a 52-week low of $47.66 was recorded on 01/04/24. SMA at 50 days reached $79.43, while 200 days put it at $73.28.
Levels Of Support And Resistance For MAS Stock
The 24-hour chart illustrates a support level at 83.76, which if violated will result in even more drops to 82.71. On the upside, there is a resistance level at 85.46. A further resistance level may holdings at 86.11. The Relative Strength Index (RSI) on the 14-day chart is 66.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.16%. Stochastics %K at 72.74% indicates the stock is a holding.
How much short interest is there in Masco Corp.?
A steep rise in short interest was recorded in Masco Corp. stocks on 2024-09-30, dropping by -1.17 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.09 million shares. There was a decline of -40.26%, which implies that there is a negative sentiment for the stock.
