Construction Partners Inc’s recently made public that its Director Matteson Mark R unloaded Company’s shares for reported $6.0 million on Aug 23 ’24. In the deal valued at $63.40 per share,94,592 shares were sold. As a result of this transaction, Matteson Mark R now holds 8,000 shares worth roughly $0.8 million.
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Then, Matteson Mark R sold 25,408 shares, generating $1,574,534 in total proceeds. Upon selling the shares at $61.97, the Director now owns 102,592 shares.
Before that, Matteson Mark R bought 120,000 shares. Construction Partners Inc shares valued at $7,371,600 were divested by the affiliate at a price of $61.43 per share.
Sidoti downgraded its Construction Partners Inc [ROAD] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Neutral”. Sidoti started covering the stock on June 01, 2022. It rated ROAD as “a Buy”.
Price Performance Review of ROAD
On Friday, Construction Partners Inc [NASDAQ:ROAD] saw its stock jump 3.23% to $99.98. Over the last five days, the stock has gained 12.95%. Construction Partners Inc shares have risen nearly 129.73% since the year began. Nevertheless, the stocks have risen 130.74% over the past one year. While a 52-week high of $100.47 was reached on 11/22/24, a 52-week low of $39.79 was recorded on 01/09/24. SMA at 50 days reached $79.08, while 200 days put it at $61.53.
Levels Of Support And Resistance For ROAD Stock
The 24-hour chart illustrates a support level at 98.17, which if violated will result in even more drops to 96.37. On the upside, there is a resistance level at 101.24. A further resistance level may holdings at 102.51. The Relative Strength Index (RSI) on the 14-day chart is 72.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.23%. Stochastics %K at 83.26% indicates the stock is a selling.
How much short interest is there in Construction Partners Inc?
A steep rise in short interest was recorded in Construction Partners Inc stocks on 2024-10-31, growing by 6875.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.88 million shares. There was a rise of 0.36%, which implies that there is a positive sentiment for the stock.
