Mastercard Incorporated’s recently made public that its Chief Financial Officer SACHIN J. MEHRA unloaded Company’s shares for reported $2.36 million on Nov 01 ’24. In the deal valued at $500.44 per share,4,716 shares were sold. As a result of this transaction, SACHIN J. MEHRA now holds 27,304 shares worth roughly $13.8 million.
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Then, SACHIN MEHRA bought 4,716 shares, generating $2,356,066 in total proceeds.
Before that, Madabhushi Venkata R sold 4,686 shares. Mastercard Incorporated shares valued at $2,300,967 were divested by the Chief Marketing Officer at a price of $491.03 per share. As a result of the transaction, Madabhushi Venkata R now holds 12,943 shares, worth roughly $6.54 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 -0.49% to $505.58. Over the last five days, the stock has lost -0.52%. Mastercard Incorporated shares have risen nearly 18.54% since the year began. Nevertheless, the stocks have risen 32.11% over the past one year. While a 52-week high of $527.90 was reached on 10/31/24, a 52-week low of $378.48 was recorded on 01/08/24. SMA at 50 days reached $496.23, while 200 days put it at $467.24.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 502.41, which if violated will result in even more drops to 499.23. On the upside, there is a resistance level at 509.38. A further resistance level may holdings at 513.17. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.00%. Stochastics %K at 19.49% indicates the stock is a buying.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2024-10-15, growing by 0.9 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.36 million shares. There was a rise of 14.37%, which implies that there is a positive 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.
