Mastec Inc.’s recent filing unveils that its COO Apple Robert E unloaded Company’s shares for reported $0.1 million on Oct 07 ’24. In the deal valued at $130.04 per share,800 shares were sold. As a result of this transaction, Apple Robert E now holds 216,402 shares worth roughly $26.42 million.
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Then, Apple Robert E sold 177 shares, generating $23,010 in total proceeds. Upon selling the shares at $130.00, the COO now owns 216,225 shares.
Before that, Apple Robert E bought 177 shares. Mastec Inc. shares valued at $22,929 were divested by the Officer at a price of $129.54 per share.
JP Morgan initiated its Mastec Inc. [MTZ] rating to an Overweight in a research note published on October 07, 2024; the price target was $153. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Truist began covering MTZ with “Hold” recommendation on March 14, 2024. Craig Hallum revised its rating on March 04, 2024. It rated MTZ as “a Buy” which previously was an “a Hold”.
Price Performance Review of MTZ
On Tuesday, Mastec Inc. [NYSE:MTZ] saw its stock fall -1.32% to $122.10. Over the last five days, the stock has lost -2.62%. Mastec Inc. shares have risen nearly 61.25% since the year began. Nevertheless, the stocks have risen 106.42% over the past one year. While a 52-week high of $130.22 was reached on 10/08/24, a 52-week low of $44.65 was recorded on 01/23/24. SMA at 50 days reached $118.40, while 200 days put it at $99.90.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 121.42, which if violated will result in even more drops to 120.73. On the upside, there is a resistance level at 123.04. A further resistance level may holdings at 123.97. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.57%. Stochastics %K at 17.86% indicates the stock is a buying.
How much short interest is there in Mastec Inc.?
A steep rise in short interest was recorded in Mastec Inc. stocks on 2024-10-15, dropping by -0.25 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.78 million shares. There was a decline of -9.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 04, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $105.
