Masco Corporation (MAS) Shares are Down -2.41%

Masco Corporation (MAS) has risen sharply, recording gains of 4.17% in the past 4 weeks. However, the stock has corrected -2.41% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Masco Corporation is up 11.11% in the last 3-month period. Year-to-Date the stock performance stands at 25.58%. The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 5.43%.


Masco Corporation (NYSE:MAS): The stock opened at $35.07 on Friday but the bulls could not build on the opening and the stock topped out at $35.36 for the day. The stock traded down to $35.02 during the day, due to lack of any buying support eventually closed down at $35.20 with a loss of -0.03% for the day. The stock had closed at $35.21 on the previous day. The total traded volume was 3,052,743 shares.

Also, In a research note released to the investors, Citigroup maintains its rating on Masco Corporation (NYSE:MAS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $33 per share to $38 per share. The rating by the firm was issued on July 29, 2016.

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.

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