Vulcan Materials Co’s recent filing unveils that its Senior Vice President Perkins Jerry F Jr unloaded Company’s shares for reported $0.48 million on Nov 08 ’24. In the deal valued at $290.58 per share,1,657 shares were sold. As a result of this transaction, Perkins Jerry F Jr now holds 8,883 shares worth roughly $2.53 million.
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Then, Franklin Denson N. III sold 1,942 shares, generating $563,180 in total proceeds. Upon selling the shares at $290.00, the SVP, Gen. Counsel & Secretary now owns 4,472 shares.
Before that, Franklin Denson N. III sold 923 shares. Vulcan Materials Co shares valued at $269,562 were divested by the SVP, Gen. Counsel & Secretary at a price of $292.05 per share. As a result of the transaction, Franklin Denson N. III now holds 6,414 shares, worth roughly $1.83 million.
UBS initiated its Vulcan Materials Co [VMC] rating to a Buy in a research note published on November 07, 2024; the price target was $349. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. Wolfe Research also remained covering VMC and has decreased its forecast on March 08, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. RBC Capital Mkts revised its rating on January 12, 2024. It rated VMC as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of VMC
On Friday, Vulcan Materials Co [NYSE:VMC] saw its stock jump 1.22% to $284.61. Over the last five days, the stock has gained 1.91%. Vulcan Materials Co shares have risen nearly 25.37% since the year began. Nevertheless, the stocks have risen 34.31% over the past one year. While a 52-week high of $298.31 was reached on 11/06/24, a 52-week low of $209.60 was recorded on 01/03/24. SMA at 50 days reached $261.26, while 200 days put it at $257.11.
Levels Of Support And Resistance For VMC Stock
The 24-hour chart illustrates a support level at 281.49, which if violated will result in even more drops to 278.38. On the upside, there is a resistance level at 286.32. A further resistance level may holdings at 288.04. The Relative Strength Index (RSI) on the 14-day chart is 63.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 44.12% indicates the stock is a holding.
How much short interest is there in Vulcan Materials Co?
A steep rise in short interest was recorded in Vulcan Materials Co stocks on 2024-10-31, dropping by -0.2 million shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.59 million shares. There was a decline of -14.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $208 price target.
