Mastercard Incorporated’s recent filing unveils that its 10% Owner Mastercard Foundation acquired Company’s shares for reported $609.64 million on Nov 12 ’24. In the deal valued at $530.12 per share,1,150,000 shares were bought.
Then, SACHIN J. MEHRA sold 4,716 shares, generating $2,360,075 in total proceeds. Upon selling the shares at $500.44, the Chief Financial Officer now owns 27,304 shares.
Before that, SACHIN MEHRA bought 4,716 shares. Mastercard Incorporated shares valued at $2,356,066 were divested by the Director at a price of $499.59 per share.
DZ Bank upgraded its Mastercard Incorporated [MA] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Seaport Research Partners also remained covering MA and has decreased its forecast on January 14, 2025 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of MA
On Tuesday, Mastercard Incorporated [NYSE:MA] saw its stock fall -0.14% to $564.70. Over the last five days, the stock has gained 1.00%. Mastercard Incorporated shares have risen nearly 7.24% since the year began. Nevertheless, the stocks have risen 23.23% over the past one year. While a 52-week high of $576.94 was reached on 01/30/25, a 52-week low of $428.86 was recorded on 01/13/25. SMA at 50 days reached $533.45, while 200 days put it at $488.48.
Levels Of Support And Resistance For MA Stock
The 24-hour chart illustrates a support level at 560.47, which if violated will result in even more drops to 556.24. On the upside, there is a resistance level at 567.68. A further resistance level may holdings at 570.66. The Relative Strength Index (RSI) on the 14-day chart is 65.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.36%. Stochastics %K at 74.88% indicates the stock is a holding.
How much short interest is there in Mastercard Incorporated?
A steep rise in short interest was recorded in Mastercard Incorporated stocks on 2025-01-15, growing by 35580.0 shares to a total of 5.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.54 million shares. There was a rise of 0.64%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $525 price target.
