MSC Industrial Direct Co., Inc’s recently made public that its Director PELLER PHILIP unloaded Company’s shares for reported $80164.0 on Nov 13 ’24. In the deal valued at $89.07 per share,900 shares were sold. As a result of this transaction, PELLER PHILIP now holds 4,044 shares worth roughly $0.33 million.
Then, THE PHILIP R PELLER REVOCABLE bought 900 shares, generating $80,164 in total proceeds.
Before that, GERSHWIND ERIK sold 50,000 shares. MSC Industrial Direct Co., Inc shares valued at $4,518,000 were divested by the Chief Executive Officer at a price of $90.36 per share. As a result of the transaction, GERSHWIND ERIK now holds 1,402,849 shares, worth roughly $115.09 million.
Stephens downgraded its MSC Industrial Direct Co., Inc [MSM] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Hold”. KeyBanc Capital Markets also remained covering MSM and has decreased its forecast on June 17, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on May 29, 2024. It rated MSM as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of MSM
On Tuesday, MSC Industrial Direct Co., Inc [NYSE:MSM] saw its stock fall -0.63% to $82.04. Over the last five days, the stock has gained 3.80%. MSC Industrial Direct Co., Inc shares have risen nearly 9.84% since the year began. Nevertheless, the stocks have fallen -13.87% over the past one year. While a 52-week high of $104.76 was reached on 01/08/25, a 52-week low of $72.79 was recorded on 01/02/25. SMA at 50 days reached $82.16, while 200 days put it at $84.20.
Levels Of Support And Resistance For MSM Stock
The 24-hour chart illustrates a support level at 80.73, which if violated will result in even more drops to 79.42. On the upside, there is a resistance level at 83.40. A further resistance level may holdings at 84.76. The Relative Strength Index (RSI) on the 14-day chart is 55.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.16%. Stochastics %K at 70.47% indicates the stock is a holding.
How much short interest is there in MSC Industrial Direct Co., Inc?
A steep rise in short interest was recorded in MSC Industrial Direct Co., Inc stocks on 2024-12-13, growing by 0.15 million shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.43 million shares. There was a rise of 4.13%, which implies that there is a positive sentiment for the stock.
