The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vulcan Materials Co shares valued at $3,373,321 were purchased by JAMES THOMAS HILL on Oct 31 ’24. At $276.23 per share, JAMES THOMAS HILL acquired 12,212 shares.
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Also, Hill J Thomas sold 35,592 shares, netting a total of over 8,699,714 in proceeds. Following the sale of shares at $244.43 each, the insider now holds 29,531 shares.
Before that, JAMES T HILL had added 35,592 shares to its account. In a trade valued at $8,699,617, the Officer bought Vulcan Materials Co shares for $244.43 each.
As published in a research note from JP Morgan on March 22, 2024, Vulcan Materials Co [VMC] has been rated down from an Overweight to a Neutral and the price target has been revised to $270 from $245. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early March. As of January 12, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for VMC. Earlier on January 08, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for VMC stock.
Analyzing VMC Stock Performance
During the last five days, there has been a surge of approximately 6.95%. Over the course of the year, Vulcan Materials Co shares have jumped approximately 20.67%. Shares of the company reached a 52-week high of $279.47 on 10/30/24 and a 52-week low of $218.37 on 01/03/24. A 50-day SMA is recorded $247.46, while a 200-day SMA reached $252.80. Nevertheless, trading volume fell to 1.42 million shares from 1.95 million shares the previous day.
Support And Resistance Levels for Vulcan Materials Co (VMC)
According to the 24-hour chart, there is a support level at 271.87, which, if violated, would cause prices to drop to 269.81. In the upper region, resistance lies at 277.23. The next price resistance is at 280.53. RSI (Relative Strength Index) is 72.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.87, which suggests the price will increase in the coming days. Percent R is at 15.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
