In a filing, Masco Corp revealed its Director Stevens Charles K. III unloaded Company’s shares for reported $0.25 million on Nov 06 ’24. In the deal valued at $80.87 per share,3,150 shares were sold. As a result of this transaction, Stevens Charles K. III now holds 12,540 shares worth roughly $0.92 million.
Then, Straber Renee sold 42,150 shares, generating $3,394,925 in total proceeds. Upon selling the shares at $80.54, the VP – Chief HR Officer now owns 33,864 shares.
Before that, Stevens Charles K. III bought 3,150 shares. Masco Corp shares valued at $254,732 were divested by the Director at a price of $80.87 per share.
Wells Fargo downgraded its Masco Corp [MAS] rating to an Equal weight from a an Overweight in a research note published on December 17, 2024; the price target was decreased to $85 from $92. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. RBC Capital Mkts also remained covering MAS and has decreased its forecast on October 30, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Citigroup started covering the stock on February 02, 2024. It rated MAS as “a Neutral”.
Price Performance Review of MAS
On Monday, Masco Corp [NYSE:MAS] saw its stock jump 1.25% to $73.10. Over the last five days, the stock has lost -0.16%. Masco Corp shares have risen nearly 0.73% since the year began. Nevertheless, the stocks have risen 13.81% over the past one year. While a 52-week high of $86.70 was reached on 01/06/25, a 52-week low of $63.60 was recorded on 01/03/25. SMA at 50 days reached $78.26, while 200 days put it at $75.47.
Levels Of Support And Resistance For MAS Stock
The 24-hour chart illustrates a support level at 72.35, which if violated will result in even more drops to 71.61. On the upside, there is a resistance level at 73.84. A further resistance level may holdings at 74.59. The Relative Strength Index (RSI) on the 14-day chart is 36.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.36%. Stochastics %K at 12.31% indicates the stock is a buying.
How much short interest is there in Masco Corp?
A steep rise in short interest was recorded in Masco Corp stocks on 2024-12-13, growing by 0.57 million shares to a total of 4.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.77 million shares. There was a rise of 13.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 19, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
