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 $3,544,652 were purchased by JAMES THOMAS HILL on Nov 07 ’24. At $290.45 per share, JAMES THOMAS HILL acquired 12,204 shares.
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Also, Hill J Thomas sold 12,212 shares, netting a total of over 3,364,955 in proceeds. Following the sale of shares at $275.54 each, the insider now holds 29,531 shares.
Before that, JAMES THOMAS HILL had added 12,212 shares to its account. In a trade valued at $3,373,321, the Director bought Vulcan Materials Co shares for $276.23 each.
As published in their initiating research note from UBS on November 07, 2024, Vulcan Materials Co [VMC] has been a Buy and the price target has been revised to $349. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 08, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for VMC. Earlier on January 12, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for VMC stock which previously was a “an Outperform”.
Analyzing VMC Stock Performance
During the last five days, there has been a surge of approximately 6.08%. Over the course of the year, Vulcan Materials Co shares have jumped approximately 28.01%. Shares of the company reached a 52-week high of $298.31 on 11/06/24 and a 52-week low of $218.37 on 01/03/24. A 50-day SMA is recorded $250.73, while a 200-day SMA reached $254.16. Nevertheless, trading volume fell to 1.16 million shares from 2.68 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 288.34, which, if violated, would cause prices to drop to 286.09. In the upper region, resistance lies at 293.06. The next price resistance is at 295.53. RSI (Relative Strength Index) is 77.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 17.35, which suggests the price will increase in the coming days. Percent R is at 16.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
