Vulcan Materials Co’s filing revealed that its Chairman & CEO Hill J Thomas unloaded Company’s shares for reported $3.55 million on Nov 07 ’24. In the deal valued at $290.56 per share,12,204 shares were sold. As a result of this transaction, Hill J Thomas now holds 29,531 shares worth roughly $8.62 million.
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Then, DENSON FRANKLIN III bought 923 shares, generating $269,561 in total proceeds.
Before that, JERRY F PERKINS JR. bought 1,657 shares. Vulcan Materials Co shares valued at $481,491 were divested by the Officer at a price of $290.58 per share.
UBS initiated its Vulcan Materials Co [VMC] rating to a Buy in a research note published on November 07, 2024; the price target was $349. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. Wolfe Research also remained covering VMC and has decreased its forecast on March 08, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. RBC Capital Mkts revised its rating on January 12, 2024. It rated VMC as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of VMC
On Monday, Vulcan Materials Co [NYSE:VMC] saw its stock fall -0.09% to $292.04. Over the last five days, the stock has gained 8.62%. Vulcan Materials Co shares have risen nearly 28.65% since the year began. Nevertheless, the stocks have risen 39.58% over the past one year. While a 52-week high of $298.31 was reached on 11/06/24, a 52-week low of $208.09 was recorded on 01/03/24. SMA at 50 days reached $252.68, while 200 days put it at $254.86.
Levels Of Support And Resistance For VMC Stock
The 24-hour chart illustrates a support level at 290.11, which if violated will result in even more drops to 288.19. On the upside, there is a resistance level at 294.53. A further resistance level may holdings at 297.03. The Relative Strength Index (RSI) on the 14-day chart is 77.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.19%. Stochastics %K at 85.99% indicates the stock is a selling.
How much short interest is there in Vulcan Materials Co?
A steep rise in short interest was recorded in Vulcan Materials Co stocks on 2024-10-15, dropping by -0.13 million shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.63 million shares. There was a decline of -8.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $208 price target.
