Mastec Inc’s recent filing unveils that its Officer Apple Robert E acquired Company’s shares for reported $1.5 million on Nov 26 ’24. In the deal valued at $150.00 per share,10,000 shares were bought.
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Then, Campbell C Robert sold 3,000 shares, generating $436,245 in total proceeds. Upon selling the shares at $145.41, the Director now owns 45,173 shares.
Before that, Love Timothy Michael sold 600 shares. Mastec Inc shares valued at $84,485 were divested by the CAO at a price of $140.81 per share. As a result of the transaction, Love Timothy Michael now holds 11,196 shares, worth roughly $1.66 million.
Truist upgraded its Mastec Inc [MTZ] rating to a Buy from a a Hold in a research note published on November 05, 2024; the price target was increased to $173 from $133. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. JP Morgan began covering MTZ with “an Overweight” recommendation on October 07, 2024. TD Cowen maintained its rating on May 06, 2024. It rated MTZ as “a Buy”.
Price Performance Review of MTZ
On Tuesday, Mastec Inc [NYSE:MTZ] saw its stock jump 3.40% to $147.94. Over the last five days, the stock has gained 3.89%. Mastec Inc shares have risen nearly 95.38% since the year began. Nevertheless, the stocks have risen 161.15% over the past one year. While a 52-week high of $147.23 was reached on 11/26/24, a 52-week low of $54.06 was recorded on 01/23/24. SMA at 50 days reached $130.23, while 200 days put it at $106.97.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 143.59, which if violated will result in even more drops to 139.23. On the upside, there is a resistance level at 151.21. A further resistance level may holdings at 154.47. The Relative Strength Index (RSI) on the 14-day chart is 70.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.07%. Stochastics %K at 73.50% indicates the stock is a holding.
How much short interest is there in Mastec Inc?
A steep rise in short interest was recorded in Mastec Inc stocks on 2024-11-15, dropping by -0.43 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.53 million shares. There was a decline of -20.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $96 price target.
