Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mastercard Incorporated shares valued at $609,638,000 were purchased by Mastercard Foundation on Nov 12 ’24. At $530.12 per share, Mastercard Foundation acquired 1,150,000 shares.
Also, SACHIN J. MEHRA sold 4,716 shares, netting a total of over 2,360,075 in proceeds. Following the sale of shares at $500.44 each, the insider now holds 27,304 shares.
Before that, SACHIN MEHRA had added 4,716 shares to its account. In a trade valued at $2,356,066, the Director bought Mastercard Incorporated shares for $499.59 each.
Analysts at Compass Point started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of September 03, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for MA. Earlier on July 10, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for MA stock which previously was a “a Buy”.
Analyzing MA Stock Performance
During the last five days, there has been a drop of approximately -2.48%. Over the course of the year, Mastercard Incorporated shares have dropped approximately -0.79%. Shares of the company reached a 52-week high of $530.56 on 01/02/25 and a 52-week low of $517.66 on 01/02/25. A 50-day SMA is recorded $522.18, while a 200-day SMA reached $479.86. Nevertheless, trading volume fell to 2.82 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Mastercard Incorporated (MA)
According to the 24-hour chart, there is a support level at 516.52, which, if violated, would cause prices to drop to 510.64. In the upper region, resistance lies at 529.42. The next price resistance is at 536.44. RSI (Relative Strength Index) is 46.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.84, which suggests the price will decrease in the coming days. Percent R is at 76.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
