In a filing, Atmus Filtration Technologies Inc revealed its Director Macadam Stephen E. acquired Company’s shares for reported $0.1 million on Nov 09 ’23. In the deal valued at $19.49 per share,5,200 shares were bought. As a result of this transaction, Macadam Stephen E. now holds 19,268 shares worth roughly $0.64 million.
Northland Capital initiated its Atmus Filtration Technologies Inc [ATMU] rating to a Market perform in a research note published on January 24, 2024; the price target was $26. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. Robert W. Baird began covering ATMU with “an Outperform” recommendation on June 20, 2023. JP Morgan started covering the stock on June 20, 2023. It rated ATMU as “an Overweight”.
Price Performance Review of ATMU
On Friday, Atmus Filtration Technologies Inc [NYSE:ATMU] saw its stock jump 2.00% to $33.10. Over the last five days, the stock has gained 2.64%. Atmus Filtration Technologies Inc shares have risen nearly 40.91% since the year began. SMA at 50 days reached $25.26, while 200 days put it at $22.97. A total of 1.71 million shares were traded, compared to the trading of 4.65 million shares in the previous session.
Levels Of Support And Resistance For ATMU Stock
The 24-hour chart illustrates a support level at 32.71, which if violated will result in even more drops to 32.32. On the upside, there is a resistance level at 33.39. A further resistance level may holdings at 33.68. The Relative Strength Index (RSI) on the 14-day chart is 79.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.33%. Stochastics %K at 91.47% indicates the stock is a selling.
How much short interest is there in Atmus Filtration Technologies Inc?
A steep rise in short interest was recorded in Atmus Filtration Technologies Inc stocks on Mar 15, 2024, growing by 14.0 million shares to a total of 21.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.21 million shares. There was a rise of 66.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 150.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.3.
The most recent change occurred on June 20, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.
