Masco Corp’s recently made public that its Director Stevens Charles K. III unloaded Company’s shares for reported $0.25 million on Nov 06 ’24. In the deal valued at $80.87 per share,3,150 shares were sold. As a result of this transaction, Stevens Charles K. III now holds 12,540 shares worth roughly $0.97 million.
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Then, Straber Renee sold 42,150 shares, generating $3,394,925 in total proceeds. Upon selling the shares at $80.54, the VP – Chief HR Officer now owns 33,864 shares.
Before that, Stevens Charles K. III bought 3,150 shares. Masco Corp shares valued at $254,732 were divested by the Director at a price of $80.87 per share.
RBC Capital Mkts downgraded its Masco Corp [MAS] rating to a Sector perform from a an Outperform in a research note published on October 30, 2024; the price target was increased to $80 from $79. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Oppenheimer began covering MAS with “Perform” recommendation on January 19, 2024. Wells Fargo started covering the stock on October 17, 2023. It rated MAS as “an Overweight”.
Price Performance Review of MAS
On Monday, Masco Corp [NYSE:MAS] saw its stock fall -1.71% to $77.08. Over the last five days, the stock has lost -4.57%. Masco Corp shares have risen nearly 15.08% since the year began. Nevertheless, the stocks have risen 29.83% over the past one year. While a 52-week high of $86.70 was reached on 10/15/24, a 52-week low of $58.89 was recorded on 01/04/24. SMA at 50 days reached $81.86, while 200 days put it at $75.05.
Levels Of Support And Resistance For MAS Stock
The 24-hour chart illustrates a support level at 76.49, which if violated will result in even more drops to 75.89. On the upside, there is a resistance level at 77.96. A further resistance level may holdings at 78.83. The Relative Strength Index (RSI) on the 14-day chart is 31.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.11%. Stochastics %K at 13.32% indicates the stock is a buying.
How much short interest is there in Masco Corp?
A steep rise in short interest was recorded in Masco Corp stocks on 2024-10-31, growing by 0.33 million shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.92 million shares. There was a rise of 10.18%, which implies that there is a positive sentiment for the stock.
