Mastec Inc’s recent filing unveils that its CAO Love Timothy Michael unloaded Company’s shares for reported $84485.0 on Nov 06 ’24. In the deal valued at $140.81 per share,600 shares were sold. As a result of this transaction, Love Timothy Michael now holds 11,196 shares worth roughly $1.56 million.
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Then, Love Timothy Michael bought 600 shares, generating $84,485 in total proceeds.
Before that, Apple Robert E sold 19,023 shares. Mastec Inc shares valued at $2,580,006 were divested by the COO at a price of $135.63 per share. As a result of the transaction, Apple Robert E now holds 197,202 shares, worth roughly $27.56 million.
Truist upgraded its Mastec Inc [MTZ] rating to a Buy from a a Hold in a research note published on November 05, 2024; the price target was increased to $173 from $133. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. JP Morgan began covering MTZ with “an Overweight” recommendation on October 07, 2024. TD Cowen maintained its rating on May 06, 2024. It rated MTZ as “a Buy”.
Price Performance Review of MTZ
On Tuesday, Mastec Inc [NYSE:MTZ] saw its stock fall -3.69% to $139.73. Over the last five days, the stock has gained 2.34%. Mastec Inc shares have risen nearly 84.54% since the year began. Nevertheless, the stocks have risen 183.66% over the past one year. While a 52-week high of $147.23 was reached on 11/11/24, a 52-week low of $48.62 was recorded on 01/23/24. SMA at 50 days reached $123.38, while 200 days put it at $103.39.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 136.44, which if violated will result in even more drops to 133.15. On the upside, there is a resistance level at 144.10. A further resistance level may holdings at 148.47. The Relative Strength Index (RSI) on the 14-day chart is 65.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.44%. Stochastics %K at 87.62% indicates the stock is a selling.
How much short interest is there in Mastec Inc?
A steep rise in short interest was recorded in Mastec Inc stocks on 2024-10-15, dropping by -0.25 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.78 million shares. There was a decline of -9.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $96 price target.
