Masco Corporation (NYSE: MAS) has a turbulent market performance experienced in recent times, consistently underperforming when matched up to competitors on consecutive days, while also expressing steady growth.
Kichler Lighting's sale has unlocked tangible value for Masco and is expected to provide stock gains. Masco hit a 52-week high with shares soaring to $83.6, then outperforming competitors in strong trading days and finally reaching an all-time high of $84.7, in spite of underperforming the market some days.
Tectonic Advisors LLC and
Assenagon Asset Management S.A. have increased their stock positions while other entities like
Ferguson Wellman Capital Management Inc. and
Claro Advisors LLC have decreased theirs. Masco's Q2 earnings were in line with expectations, and with anticipation, it has entered a definitive agreement to sell Kichler Lighting. The company's long-term view looks strong, but they are facing issues due to soft demand.
Masco Corporation MAS News Analytics from Fri, 21 Jul 2017 02:35:40 GMT to Sat, 26 Oct 2024 07:42:25 GMT -
Rating 6
- Innovation -2
- Information 7
- Rumor 2
