Masco Corporation (MAS) : Traders are bullish on Masco Corporation (MAS) as it has outperformed the S&P 500 by a wide margin of 5.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.77% in the last 1 week, and is up 10.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.81% and the 50-Day Moving Average is 8.34%.
Masco Corporation (NYSE:MAS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.09 and $33.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.08, notching a gain of 0.18% for the day. The total traded volume was 3,222,294 . The stock had closed at $34.02 on the previous day.
The company Insiders own 1.7% of Masco Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7% . Institutional Investors own 94.73% of Masco Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -33.99%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Group President) of Masco Corp /De/, OReagan Richard A. had sold 6,000 shares worth of $188,160 in a transaction dated June 23, 2016. In this transaction, 6,000 shares were sold at $31.36 per share.
Masco Corporation manufactures, distributes and installs home improvement and building products. The Companys segments include Cabinets and Related Products, Plumbing Products, Installation and Other Services, Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets, and home office workstations, entertainment centers, storage products; bookcases, and kitchen utility products. Its Plumbing Products include faucets, plumbing fittings and valves, showerheads and hand showers, bathtubs and shower enclosures, toilets and spas. The Installation and Other Services includes the sale, installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains, and cabinet, door, window and other hardware. Its Other Specialty Products include windows, window frame components and patio doors, staple gun tackers, staples and other fastening tools.