MSC Industrial Direct Co., Inc’s filing revealed 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 $112.85 million.
Wolfe Research initiated its MSC Industrial Direct Co., Inc [MSM] rating to an Outperform in a research note published on January 16, 2025; the price target was $95. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Loop Capital also remained covering MSM and has decreased its forecast on June 17, 2024 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on June 17, 2024. It rated MSM as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of MSM
On Tuesday, MSC Industrial Direct Co., Inc [NYSE:MSM] saw its stock jump 1.42% to $80.44. Over the last five days, the stock has lost -2.40%. MSC Industrial Direct Co., Inc shares have risen nearly 7.70% since the year began. Nevertheless, the stocks have fallen -19.70% 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 $81.27, while 200 days put it at $83.34.
Levels Of Support And Resistance For MSM Stock
The 24-hour chart illustrates a support level at 79.77, which if violated will result in even more drops to 79.10. On the upside, there is a resistance level at 80.84. A further resistance level may holdings at 81.25. The Relative Strength Index (RSI) on the 14-day chart is 47.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.61%. Stochastics %K at 24.17% 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.
