Mastec Inc’s recent filing unveils that its Director Palomarez Javier Alberto unloaded Company’s shares for reported $28600.0 on Dec 04 ’24. In the deal valued at $143.00 per share,200 shares were sold. As a result of this transaction, Palomarez Javier Alberto now holds 10,633 shares worth roughly $1.47 million.
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Then, Apple Robert E sold 10,000 shares, generating $1,500,000 in total proceeds. Upon selling the shares at $150.00, the COO now owns 187,202 shares.
Before that, Campbell C Robert sold 3,000 shares. Mastec Inc shares valued at $435,000 were divested by the Director at a price of $145.00 per share. As a result of the transaction, Campbell C Robert now holds 42,478 shares, worth roughly $5.88 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 0.14% to $138.42. Over the last five days, the stock has gained 1.38%. Mastec Inc shares have risen nearly 82.81% since the year began. Nevertheless, the stocks have risen 89.38% over the past one year. While a 52-week high of $150.12 was reached on 11/26/24, a 52-week low of $60.96 was recorded on 01/23/24. SMA at 50 days reached $135.38, while 200 days put it at $112.69.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 137.19, which if violated will result in even more drops to 135.97. On the upside, there is a resistance level at 139.85. A further resistance level may holdings at 141.29. The Relative Strength Index (RSI) on the 14-day chart is 51.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.03%. Stochastics %K at 56.73% 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 2024-11-29, dropping by -0.25 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.27 million shares. There was a decline of -12.19%, 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.
