Mastec Inc’s recently made public 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 $1.6 million.
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 $6.4 million.
Guggenheim initiated its Mastec Inc [MTZ] rating to a Buy in a research note published on January 08, 2025; the price target was $195. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. TD Cowen also remained covering MTZ and reiterated its “Buy” recommendation on November 04, 2024. JP Morgan started covering the stock on October 07, 2024. It rated MTZ as “an Overweight”.
Price Performance Review of MTZ
On Tuesday, Mastec Inc [NYSE:MTZ] saw its stock jump 4.58% to $150.67. Over the last five days, the stock has gained 1.71%. Mastec Inc shares have risen nearly 10.67% since the year began. Nevertheless, the stocks have risen 106.65% over the past one year. While a 52-week high of $150.55 was reached on 01/14/25, a 52-week low of $60.96 was recorded on 01/02/25. SMA at 50 days reached $139.77, while 200 days put it at $115.96.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 146.69, which if violated will result in even more drops to 142.72. On the upside, there is a resistance level at 153.74. A further resistance level may holdings at 156.82. The Relative Strength Index (RSI) on the 14-day chart is 65.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.50%. Stochastics %K at 76.02% 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 2024-12-31, dropping by 79460.0 shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.02 million shares. There was a decline of -4.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 06, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $110.
