Mastec Inc’s filing revealed 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 $1.32 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 $5.26 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 fall -2.96% to $123.89. Over the last five days, the stock has lost -3.48%. Mastec Inc shares have fallen nearly -9.00% since the year began. Nevertheless, the stocks have risen 64.18% over the past one year. While a 52-week high of $166.95 was reached on 01/22/25, a 52-week low of $82.29 was recorded on 03/04/25. SMA at 50 days reached $140.42, while 200 days put it at $123.76.
Levels Of Support And Resistance For MTZ Stock
The 24-hour chart illustrates a support level at 119.61, which if violated will result in even more drops to 115.34. On the upside, there is a resistance level at 128.47. A further resistance level may holdings at 133.05. The Relative Strength Index (RSI) on the 14-day chart is 36.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.80%. Stochastics %K at 23.95% indicates the stock is a holding.
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.
