Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sherwin-Williams Co shares valued at $971,186 were sold by Sofish Gregory P. on Nov 18 ’24. At $378.63 per share, Sofish Gregory P. sold 2,565 shares. The insider’s holdings dropped to 6,329 shares worth approximately $2.43 million following the completion of this transaction.
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Also, Sofish Gregory P. purchased 2,565 shares, netting a total of over 971,189 in proceeds.
Before that, Mistysyn Allen J had sold 14,520 shares from its account. In a trade valued at $5,326,372, the SVP – Finance & CFO traded Sherwin-Williams Co shares for $366.83 each. Upon closing the transaction, the insider’s holdings decreased to 14,520 shares, worth approximately $24.35 million.
As published in a research note from KeyBanc Capital Markets on October 07, 2024, Sherwin-Williams Co [SHW] has been rated down from an Overweight to a Sector weight. Analysts at Evercore ISI resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of April 25, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for SHW. Earlier on March 07, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for SHW stock which previously was a “a Neutral”.
Analyzing SHW Stock Performance
During the last five days, there has been a drop of approximately -1.32%. Over the course of the year, Sherwin-Williams Co shares have jumped approximately 22.90%. Shares of the company reached a 52-week high of $392.57 on 10/15/24 and a 52-week low of $282.09 on 06/07/24. A 50-day SMA is recorded $376.85, while a 200-day SMA reached $338.31. Nevertheless, trading volume fell to 2.59 million shares from 1.44 million shares the previous day.
Support And Resistance Levels for Sherwin-Williams Co (SHW)
According to the 24-hour chart, there is a support level at 374.06, which, if violated, would cause prices to drop to 364.81. In the upper region, resistance lies at 388.00. The next price resistance is at 392.68. RSI (Relative Strength Index) is 55.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.95, which suggests the price will decrease in the coming days. Percent R is at 35.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
