Masco Corp’s filing revealed that 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 $0.97 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.
Oppenheimer upgraded its Masco Corp [MAS] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Jefferies also remained covering MAS and has decreased its forecast on December 16, 2024 with a “Hold” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on October 30, 2024. It rated MAS as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of MAS
On Monday, Masco Corp [NYSE:MAS] saw its stock fall -2.07% to $77.64. Over the last five days, the stock has lost -5.14%. Masco Corp shares have risen nearly 6.99% since the year began. Nevertheless, the stocks have risen 15.38% over the past one year. While a 52-week high of $86.70 was reached on 01/27/25, a 52-week low of $63.81 was recorded on 01/08/25. SMA at 50 days reached $77.25, while 200 days put it at $75.59.
Levels Of Support And Resistance For MAS Stock
The 24-hour chart illustrates a support level at 76.33, which if violated will result in even more drops to 75.03. On the upside, there is a resistance level at 78.66. A further resistance level may holdings at 79.69. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.50%. Stochastics %K at 68.78% indicates the stock is a holding.
How much short interest is there in Masco Corp?
A steep rise in short interest was recorded in Masco Corp stocks on 2025-01-15, growing by 0.63 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.34 million shares. There was a rise of 12.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 02, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $70 price target.
