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Recent Insider Activity Suggests Potential Gains for Eagle Materials Inc. (EXP)

Eagle Materials Inc.’s recently made public that its Director Damiris George John unloaded Company’s shares for reported $0.28 million on Sep 17 ’24. In the deal valued at $277.62 per share,1,000 shares were sold. As a result of this transaction, Damiris George John now holds 7,943 shares worth roughly $2.25 million.

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Then, Damiris George John bought 1,000 shares, generating $277,532 in total proceeds.

Before that, Kesler Dale Craig sold 5,000 shares. Eagle Materials Inc. shares valued at $1,333,800 were divested by the EVP and CFO at a price of $266.76 per share. As a result of the transaction, Kesler Dale Craig now holds 60,488 shares, worth roughly $17.11 million.

Loop Capital upgraded its Eagle Materials Inc. [EXP] rating to a Buy from a a Hold in a research note published on January 08, 2024; the price target was increased to $240 from $170. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “a Neutral”. JP Morgan also remained covering EXP and has decreased its forecast on July 06, 2023 with a “an Underweight” recommendation from previously “Neutral” rating.

Price Performance Review of EXP

On Tuesday, Eagle Materials Inc. [NYSE:EXP] saw its stock fall -2.12% to $282.92. Over the last five days, the stock has lost -2.10%. Eagle Materials Inc. shares have risen nearly 39.48% since the year began. Nevertheless, the stocks have risen 91.49% over the past one year. While a 52-week high of $306.36 was reached on 10/18/24, a 52-week low of $148.20 was recorded on 01/04/24. SMA at 50 days reached $275.98, while 200 days put it at $250.63.

Levels Of Support And Resistance For EXP Stock

The 24-hour chart illustrates a support level at 279.13, which if violated will result in even more drops to 275.35. On the upside, there is a resistance level at 285.27. A further resistance level may holdings at 287.63. The Relative Strength Index (RSI) on the 14-day chart is 46.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.79%. Stochastics %K at 22.66% indicates the stock is a holding.

How much short interest is there in Eagle Materials Inc.?

A steep rise in short interest was recorded in Eagle Materials Inc. stocks on 2024-10-15, growing by 11869.0 shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.2 million shares. There was a rise of 0.98%, which implies that there is a positive sentiment for the stock.

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