Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Masco Corp shares valued at $254,731 were sold by Stevens Charles K. III on Nov 06 ’24. At $80.87 per share, Stevens Charles K. III sold 3,150 shares. The insider’s holdings dropped to 12,540 shares worth approximately $0.93 million following the completion of this transaction.
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Also, Straber Renee sold 42,150 shares, netting a total of over 3,394,925 in proceeds. Following the sale of shares at $80.54 each, the insider now holds 33,864 shares.
Before that, Stevens Charles K. III had added 3,150 shares to its account. In a trade valued at $254,732, the Director bought Masco Corp shares for $80.87 each.
As published in a research note from Wells Fargo on December 17, 2024, Masco Corp [MAS] has been rated down from an Overweight to an Equal weight and the price target has been revised to $85 from $92. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of October 30, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for MAS. Earlier on February 02, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for MAS stock.
Analyzing MAS Stock Performance
During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Masco Corp shares have jumped approximately 10.20%. Shares of the company reached a 52-week high of $86.70 on 10/15/24 and a 52-week low of $63.60 on 01/04/24. A 50-day SMA is recorded $79.66, while a 200-day SMA reached $75.54. Nevertheless, trading volume fell to 0.69 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Masco Corp (MAS)
According to the 24-hour chart, there is a support level at 73.28, which, if violated, would cause prices to drop to 72.75. In the upper region, resistance lies at 74.16. The next price resistance is at 74.51. RSI (Relative Strength Index) is 32.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.93, which suggests the price will decrease in the coming days. Percent R is at 87.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
