Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vulcan Materials Co shares valued at $481,491 were sold by Perkins Jerry F Jr on Nov 08 ’24. At $290.58 per share, Perkins Jerry F Jr sold 1,657 shares. The insider’s holdings dropped to 8,883 shares worth approximately $2.47 million following the completion of this transaction.
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Also, Franklin Denson N. III sold 1,942 shares, netting a total of over 563,180 in proceeds. Following the sale of shares at $290.00 each, the insider now holds 4,472 shares.
Before that, Franklin Denson N. III had sold 923 shares from its account. In a trade valued at $269,562, the SVP, Gen. Counsel & Secretary traded Vulcan Materials Co shares for $292.05 each. Upon closing the transaction, the insider’s holdings decreased to 923 shares, worth approximately $1.78 million.
As published in their initiating research note from UBS on November 07, 2024, Vulcan Materials Co [VMC] has been a Buy and the price target has been revised to $349. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 08, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for VMC. Earlier on January 12, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for VMC stock which previously was a “an Outperform”.
Analyzing VMC Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Vulcan Materials Co shares have jumped approximately 22.38%. Shares of the company reached a 52-week high of $298.31 on 11/06/24 and a 52-week low of $218.37 on 01/03/24. A 50-day SMA is recorded $259.42, while a 200-day SMA reached $256.66. Nevertheless, trading volume fell to 0.71 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Vulcan Materials Co (VMC)
According to the 24-hour chart, there is a support level at 276.56, which, if violated, would cause prices to drop to 275.30. In the upper region, resistance lies at 278.80. The next price resistance is at 279.78. RSI (Relative Strength Index) is 57.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.95, which suggests the price will decrease in the coming days. Percent R is at 66.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
