Mastercard Incorporated’s filing revealed that its Chief Marketing Officer Madabhushi Venkata R unloaded Company’s shares for reported $2.3 million on Sep 27 ’24. In the deal valued at $491.03 per share,4,686 shares were sold. As a result of this transaction, Madabhushi Venkata R now holds 12,943 shares worth roughly $6.67 million.
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Then, VENKATA R. MADABHUSHI bought 4,686 shares, generating $2,302,091 in total proceeds.
Before that, Madabhushi Venkata R sold 4,685 shares. Mastercard Incorporated shares valued at $2,294,981 were divested by the Chief Marketing Officer at a price of $489.86 per share. As a result of the transaction, Madabhushi Venkata R now holds 15,031 shares, worth roughly $7.74 million.
A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Exane BNP Paribas also remained covering MA and has decreased its forecast on September 03, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on July 10, 2024. It rated MA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MA
On Monday, Mastercard Incorporated [NYSE:MA] saw its stock fall -0.26% to $515.01. Over the last five days, the stock has gained 1.65%. Mastercard Incorporated shares have risen nearly 20.75% since the year began. Nevertheless, the stocks have risen 32.78% over the past one year. While a 52-week high of $518.00 was reached on 10/21/24, a 52-week low of $359.77 was recorded on 01/08/24. SMA at 50 days reached $487.55, while 200 days put it at $463.17.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 513.03, which if violated will result in even more drops to 511.04. On the upside, there is a resistance level at 517.91. A further resistance level may holdings at 520.80. The Relative Strength Index (RSI) on the 14-day chart is 70.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.07%. Stochastics %K at 89.69% indicates the stock is a selling.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2024-09-30, dropping by -0.38 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.91 million shares. There was a decline of -6.95%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $531 price target.
