Martin Marietta Materials, Inc’s recently made public that its EVP and CHRO McCunniff Donald A. unloaded Company’s shares for reported $0.63 million on Mar 05 ’25. In the deal valued at $475.00 per share,1,332 shares were sold. As a result of this transaction, McCunniff Donald A. now holds 3,523 shares worth roughly $1.72 million.
Then, Petro Michael J bought 550 shares, generating $249,904 in total proceeds. Upon buying the shares at $454.37, the SVP – Strategy and Development now owns 8,985 shares.
Before that, McCunniff Donald A. bought 1,332 shares. Martin Marietta Materials, Inc shares valued at $653,066 were divested by the Officer at a price of $490.29 per share.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. HSBC Securities also remained covering MLM and has increased its forecast on December 11, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on November 27, 2024. It rated MLM as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of MLM
On Tuesday, Martin Marietta Materials, Inc [NYSE:MLM] saw its stock fall -0.11% to $488.19. Over the last five days, the stock has gained 5.12%. Martin Marietta Materials, Inc shares have fallen nearly -5.48% since the year began. Nevertheless, the stocks have fallen -19.51% over the past one year. While a 52-week high of $633.23 was reached on 01/21/25, a 52-week low of $448.50 was recorded on 03/07/25. SMA at 50 days reached $512.14, while 200 days put it at $543.21.
Levels Of Support And Resistance For MLM Stock
The 24-hour chart illustrates a support level at 483.72, which if violated will result in even more drops to 479.25. On the upside, there is a resistance level at 492.61. A further resistance level may holdings at 497.03. The Relative Strength Index (RSI) on the 14-day chart is 48.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.14%. Stochastics %K at 75.25% indicates the stock is a holding.
How much short interest is there in Martin Marietta Materials, Inc?
A steep rise in short interest was recorded in Martin Marietta Materials, Inc stocks on 2025-02-28, growing by 0.33 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.32 million shares. There was a rise of 19.93%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 07, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $730 price target.
