Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Martin Marietta Materials, Inc shares valued at $249,904 were purchased by Petro Michael J on Mar 04 ’25. At $454.37 per share, Petro Michael J acquired 550 shares. The insider’s holdings grew to 8,985 shares worth approximately $4.29 million following the completion of this transaction.
Also, McCunniff Donald A. purchased 1,332 shares, netting a total of over 653,066 in proceeds.
Before that, BAR ROSELYN R had sold 10,000 shares from its account. In a trade valued at $6,032,900, the EVP, General Counsel and Secy traded Martin Marietta Materials, Inc shares for $603.29 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $28.64 million.
Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of December 11, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for MLM. Earlier on November 27, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for MLM stock which previously was a “a Neutral”.
Analyzing MLM Stock Performance
During the last five days, there has been a drop of approximately -2.75%. Over the course of the year, Martin Marietta Materials, Inc shares have dropped approximately -7.53%. Shares of the company reached a 52-week high of $560.12 on 01/21/25 and a 52-week low of $451.08 on 03/04/25. A 50-day SMA is recorded $521.73, while a 200-day SMA reached $547.88.
Support And Resistance Levels for Martin Marietta Materials, Inc (MLM)
According to the 24-hour chart, there is a support level at 469.67, which, if violated, would cause prices to drop to 461.72. In the upper region, resistance lies at 482.14. The next price resistance is at 486.66. RSI (Relative Strength Index) is 34.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -27.13, which suggests the price will decrease in the coming days. Percent R is at 70.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
