Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Masco Corp shares valued at $254,731 were sold by Stevens Charles K. III on Nov 06 ’24. At $80.87 per share, Stevens Charles K. III sold 3,150 shares. The insider’s holdings dropped to 12,540 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Straber Renee sold 42,150 shares, netting a total of over 3,394,925 in proceeds. Following the sale of shares at $80.54 each, the insider now holds 33,864 shares.
Before that, Stevens Charles K. III had added 3,150 shares to its account. In a trade valued at $254,732, the Director bought Masco Corp shares for $80.87 each.
As published in a research note from RBC Capital Mkts on October 30, 2024, Masco Corp [MAS] has been rated down from an Outperform to a Sector perform and the price target has been revised to $80 from $79. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early February. As of January 19, 2024, Oppenheimer has initiated its “Perform” rating for MAS. Earlier on October 17, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for MAS stock.
Analyzing MAS Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Masco Corp shares have jumped approximately 18.23%. Shares of the company reached a 52-week high of $86.70 on 10/15/24 and a 52-week low of $63.60 on 01/04/24. A 50-day SMA is recorded $81.84, while a 200-day SMA reached $74.96. Nevertheless, trading volume fell to 1.98 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Masco Corp (MAS)
According to the 24-hour chart, there is a support level at 78.66, which, if violated, would cause prices to drop to 78.12. In the upper region, resistance lies at 79.65. The next price resistance is at 80.12. RSI (Relative Strength Index) is 38.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
