Sherwin-Williams Co.’s recently made public that its SVP – Finance & CFO Mistysyn Allen J unloaded Company’s shares for reported $5.33 million on Aug 30 ’24. In the deal valued at $366.83 per share,14,520 shares were sold. As a result of this transaction, Mistysyn Allen J now holds 63,520 shares worth roughly $24.67 million.
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Then, MORIKIS JOHN G sold 115,969 shares, generating $42,275,050 in total proceeds. Upon selling the shares at $364.54, the Executive Chairman now owns 366,546 shares.
Before that, MORIKIS JOHN G bought 115,969 shares. Sherwin-Williams Co. shares valued at $42,274,727 were divested by the Officer at a price of $364.53 per share.
KeyBanc Capital Markets downgraded its Sherwin-Williams Co. [SHW] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. KeyBanc Capital Markets also remained covering SHW and has increased its forecast on April 25, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. UBS revised its rating on March 07, 2024. It rated SHW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SHW
On Friday, Sherwin-Williams Co. [NYSE:SHW] saw its stock fall -0.19% to $388.36. Over the last five days, the stock has gained 2.47%. Sherwin-Williams Co. shares have risen nearly 24.51% since the year began. Nevertheless, the stocks have risen 60.29% over the past one year. While a 52-week high of $392.57 was reached on 10/15/24, a 52-week low of $232.06 was recorded on 06/07/24. SMA at 50 days reached $370.10, while 200 days put it at $329.88.
Levels Of Support And Resistance For SHW Stock
The 24-hour chart illustrates a support level at 386.75, which if violated will result in even more drops to 385.13. On the upside, there is a resistance level at 390.49. A further resistance level may holdings at 392.61. The Relative Strength Index (RSI) on the 14-day chart is 65.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.66%. Stochastics %K at 87.37% indicates the stock is a selling.
How much short interest is there in Sherwin-Williams Co.?
A steep rise in short interest was recorded in Sherwin-Williams Co. stocks on 2024-09-30, dropping by -0.69 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.1 million shares. There was a decline of -28.73%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
