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Keeping an Eye on Sherwin-Williams Co (SHW) After Insider Trading Activity

Sherwin-Williams Co’s recently made public that its Officer GARCEAU MARY L acquired Company’s shares for reported $6.28 million on Nov 26 ’24. In the deal valued at $397.92 per share,15,770 shares were bought.

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Then, CRONIN JANE M. bought 5,161 shares, generating $2,054,368 in total proceeds.

Before that, Sofish Gregory P. sold 2,565 shares. Sherwin-Williams Co shares valued at $971,186 were divested by the SVP – Human Resources at a price of $378.63 per share. As a result of the transaction, Sofish Gregory P. now holds 6,329 shares, worth roughly $2.51 million.

KeyBanc Capital Markets downgraded its Sherwin-Williams Co [SHW] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. KeyBanc Capital Markets also remained covering SHW and has increased its forecast on April 25, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. UBS revised its rating on March 07, 2024. It rated SHW as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SHW

On Tuesday, Sherwin-Williams Co [NYSE:SHW] saw its stock fall -0.89% to $396.14. Over the last five days, the stock has gained 6.06%. Sherwin-Williams Co shares have risen nearly 27.01% since the year began. Nevertheless, the stocks have risen 43.85% over the past one year. While a 52-week high of $400.31 was reached on 11/25/24, a 52-week low of $272.34 was recorded on 06/07/24. SMA at 50 days reached $377.89, while 200 days put it at $339.56.

Levels Of Support And Resistance For SHW Stock

The 24-hour chart illustrates a support level at 394.18, which if violated will result in even more drops to 392.23. On the upside, there is a resistance level at 399.06. A further resistance level may holdings at 401.99. The Relative Strength Index (RSI) on the 14-day chart is 62.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.65%. Stochastics %K at 90.18% indicates the stock is a selling.

How much short interest is there in Sherwin-Williams Co?

A steep rise in short interest was recorded in Sherwin-Williams Co stocks on 2024-11-15, growing by 3.92 million shares to a total of 6.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.49 million shares. There was a rise of 61.19%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .

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