Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MSC Industrial Direct Co., Inc shares valued at $9,172,671 were purchased by JACOBSON MITCHELL on Apr 07 ’25. At $69.73 per share, JACOBSON MITCHELL acquired 131,551 shares. The insider’s holdings grew to 1,924,083 shares worth approximately $146.67 million following the completion of this transaction.
Also, JACOBSON MITCHELL purchased 27,642 shares, netting a total of over 1,928,582 in proceeds. Following the buying of shares at $69.77 each, the insider now holds 1,951,725 shares.
Before that, PELLER PHILIP had sold 900 shares from its account. In a trade valued at $80,164, the Director traded MSC Industrial Direct Co., Inc shares for $89.07 each. Upon closing the transaction, the insider’s holdings decreased to 900 shares, worth approximately $0.31 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 -1.05%. Over the course of the year, MSC Industrial Direct Co., Inc shares have jumped approximately 2.06%. Shares of the company reached a 52-week high of $85.15 on 01/08/25 and a 52-week low of $68.10 on 04/07/25. A 50-day SMA is recorded $78.14, while a 200-day SMA reached $81.03.
Support And Resistance Levels for MSC Industrial Direct Co., Inc (MSM)
According to the 24-hour chart, there is a support level at 75.16, which, if violated, would cause prices to drop to 74.09. In the upper region, resistance lies at 77.90. The next price resistance is at 79.57. RSI (Relative Strength Index) is 48.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 25.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
