Mastercard Incorporated’s recent filing unveils that its 10% Owner Mastercard Foundation acquired Company’s shares for reported $609.64 million on Nov 12 ’24. In the deal valued at $530.12 per share,1,150,000 shares were bought.
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Then, SACHIN J. MEHRA sold 4,716 shares, generating $2,360,075 in total proceeds. Upon selling the shares at $500.44, the Chief Financial Officer now owns 27,304 shares.
Before that, SACHIN MEHRA bought 4,716 shares. Mastercard Incorporated shares valued at $2,356,066 were divested by the Director at a price of $499.59 per share.
A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Exane BNP Paribas also remained covering MA and has decreased its forecast on September 03, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on July 10, 2024. It rated MA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MA
On Monday, Mastercard Incorporated [NYSE:MA] saw its stock fall -0.05% to $521.63. Over the last five days, the stock has lost -1.60%. Mastercard Incorporated shares have risen nearly 22.30% since the year began. Nevertheless, the stocks have risen 31.36% over the past one year. While a 52-week high of $534.03 was reached on 11/11/24, a 52-week low of $395.55 was recorded on 01/08/24. SMA at 50 days reached $504.81, while 200 days put it at $471.07.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 517.92, which if violated will result in even more drops to 514.22. On the upside, there is a resistance level at 524.41. A further resistance level may holdings at 527.20. The Relative Strength Index (RSI) on the 14-day chart is 58.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.92%. Stochastics %K at 64.17% indicates the stock is a holding.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2024-10-31, growing by 0.86 million shares to a total of 6.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.53 million shares. There was a rise of 13.44%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 13, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $531 price target.
