Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eagle Materials Inc shares valued at $717,630 were purchased by Devlin William R on Nov 06 ’24. At $311.47 per share, Devlin William R acquired 2,304 shares.
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Also, Thompson Tony purchased 1,401 shares, netting a total of over 439,854 in proceeds.
Before that, Damiris George John had sold 1,000 shares from its account. In a trade valued at $277,620, the Director traded Eagle Materials Inc shares for $277.62 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.48 million.
As published in a research note from Loop Capital on January 08, 2024, Eagle Materials Inc [EXP] has been rated up from a Hold to a Buy and the price target has been revised to $240 from $170. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of July 06, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for EXP.
Analyzing EXP Stock Performance
During the last five days, there has been a surge of approximately 8.47%. Over the course of the year, Eagle Materials Inc shares have jumped approximately 54.19%. Shares of the company reached a 52-week high of $315.86 on 11/06/24 and a 52-week low of $195.93 on 01/04/24. A 50-day SMA is recorded $280.21, while a 200-day SMA reached $253.31. Nevertheless, trading volume fell to 0.45 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Eagle Materials Inc (EXP)
According to the 24-hour chart, there is a support level at 308.14, which, if violated, would cause prices to drop to 303.53. In the upper region, resistance lies at 316.62. The next price resistance is at 320.48. RSI (Relative Strength Index) is 69.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.26, which suggests the price will increase in the coming days. Percent R is at 8.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
