The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eagle Materials Inc shares valued at $319,640 were sold by Cribbs Eric on Nov 25 ’24. At $319.64 per share, Cribbs Eric sold 1,000 shares. The insider’s holdings dropped to 12,937 shares worth approximately $3.09 million following the completion of this transaction.
Also, Kesler Dale Craig sold 5,000 shares, netting a total of over 1,550,192 in proceeds. Following the sale of shares at $310.04 each, the insider now holds 60,488 shares.
Before that, Cribbs Eric had added 1,000 shares to its account. In a trade valued at $319,550, the Officer bought Eagle Materials Inc shares for $319.55 each.
As published in a research note from Citigroup on January 06, 2025, Eagle Materials Inc [EXP] has been rated down from a Buy to a Neutral. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of November 25, 2024, Loop Capital has decreased its “Buy” rating to a “Hold” for EXP. Earlier on January 08, 2024, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for EXP stock which previously was a “a Hold”.
Analyzing EXP Stock Performance
During the last five days, there has been a drop of approximately -3.18%. Over the course of the year, Eagle Materials Inc shares have dropped approximately -3.18%. Shares of the company reached a 52-week high of $251.38 on 01/02/25 and a 52-week low of $236.03 on 01/07/25. A 50-day SMA is recorded $283.00, while a 200-day SMA reached $260.94. Nevertheless, trading volume fell to 0.26 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Eagle Materials Inc (EXP)
According to the 24-hour chart, there is a support level at 236.56, which, if violated, would cause prices to drop to 234.20. In the upper region, resistance lies at 241.10. The next price resistance is at 243.28. RSI (Relative Strength Index) is 21.23 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.67, which suggests the price will decrease in the coming days. Percent R is at 91.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
