The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MSC Industrial Direct Co., Inc shares valued at $80,164 were sold by PELLER PHILIP on Nov 13 ’24. At $89.07 per share, PELLER PHILIP sold 900 shares. The insider’s holdings dropped to 4,044 shares worth approximately $0.3 million following the completion of this transaction.
Also, THE PHILIP R PELLER REVOCABLE purchased 900 shares, netting a total of over 80,164 in proceeds.
Before that, GERSHWIND ERIK had sold 50,000 shares from its account. In a trade valued at $4,518,000, the Chief Executive Officer traded MSC Industrial Direct Co., Inc shares for $90.36 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $104.44 million.
As published in their initiating research note from Wolfe Research on January 16, 2025, MSC Industrial Direct Co., Inc [MSM] has been an Outperform and the price target has been revised to $95. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early December. As of June 17, 2024, Loop Capital has decreased its “Buy” rating to a “Hold” for MSM. Earlier on June 17, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for MSM stock which previously was a “an Overweight”.
Analyzing MSM Stock Performance
During the last five days, there has been a drop of approximately -7.16%. Over the course of the year, MSC Industrial Direct Co., Inc shares have dropped approximately -0.32%. Shares of the company reached a 52-week high of $85.15 on 01/08/25 and a 52-week low of $74.32 on 03/13/25. A 50-day SMA is recorded $80.17, while a 200-day SMA reached $81.76.
Support And Resistance Levels for MSC Industrial Direct Co., Inc (MSM)
According to the 24-hour chart, there is a support level at 73.66, which, if violated, would cause prices to drop to 72.87. In the upper region, resistance lies at 75.90. The next price resistance is at 77.35. RSI (Relative Strength Index) is 35.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.27, which suggests the price will decrease in the coming days. Percent R is at 98.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
