Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mastercard Incorporated shares valued at $2,360,075 were sold by SACHIN J. MEHRA on Nov 01 ’24. At $500.44 per share, SACHIN J. MEHRA sold 4,716 shares. The insider’s holdings dropped to 27,304 shares worth approximately $14.14 million following the completion of this transaction.
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Also, SACHIN MEHRA purchased 4,716 shares, netting a total of over 2,356,066 in proceeds.
Before that, Madabhushi Venkata R had sold 4,686 shares from its account. In a trade valued at $2,300,967, the Chief Marketing Officer traded Mastercard Incorporated shares for $491.03 each. Upon closing the transaction, the insider’s holdings decreased to 4,686 shares, worth approximately $6.7 million.
Analysts at Compass Point started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of September 03, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for MA. Earlier on July 10, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for MA stock which previously was a “a Buy”.
Analyzing MA Stock Performance
During the last five days, there has been a surge of approximately 3.66%. Over the course of the year, Mastercard Incorporated shares have jumped approximately 21.42%. Shares of the company reached a 52-week high of $527.90 on 10/31/24 and a 52-week low of $416.53 on 01/08/24. A 50-day SMA is recorded $498.81, while a 200-day SMA reached $468.38. Nevertheless, trading volume fell to 2.3 million shares from 3.67 million shares the previous day.
Support And Resistance Levels for Mastercard Incorporated (MA)
According to the 24-hour chart, there is a support level at 514.97, which, if violated, would cause prices to drop to 512.06. In the upper region, resistance lies at 522.41. The next price resistance is at 526.94. RSI (Relative Strength Index) is 60.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.45, which suggests the price will increase in the coming days. Percent R is at 34.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
