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 $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 $157.76 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 $0.33 million.
As published in a research note from JP Morgan on May 27, 2025, MSC Industrial Direct Co., Inc [MSM] has been rated up from a Neutral to an Overweight and the price target has been revised to $89. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid January. As of December 04, 2024, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for MSM. Earlier on June 17, 2024, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for MSM stock which previously was a “a Buy”.
Analyzing MSM Stock Performance
During the last five days, there has been a surge of approximately 3.77%. Over the course of the year, MSC Industrial Direct Co., Inc shares have jumped approximately 9.77%. 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.
Support And Resistance Levels for MSC Industrial Direct Co., Inc (MSM)
According to the 24-hour chart, there is a support level at 80.57, which, if violated, would cause prices to drop to 79.14. In the upper region, resistance lies at 83.30. The next price resistance is at 84.60. RSI (Relative Strength Index) is 59.13 on the 14-day chart, showing neutral technical sentiment.
