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. Atmus Filtration Technologies Inc shares valued at $101,348 were purchased by Macadam Stephen E. on Nov 09 ’23. At $19.49 per share, Macadam Stephen E. acquired 5,200 shares. The insider’s holdings grew to 19,268 shares worth approximately $0.62 million following the completion of this transaction.
As published in their initiating research note from Northland Capital on January 24, 2024, Atmus Filtration Technologies Inc [ATMU] has been a Market perform and the price target has been revised to $26. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid June. As of June 20, 2023, Robert W. Baird has initiated its “an Outperform” rating for ATMU. Earlier on June 20, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for ATMU stock.
Analyzing ATMU Stock Performance
During the last five days, there has been a drop of approximately -2.71%. Over the course of the year, Atmus Filtration Technologies Inc shares have jumped approximately 37.72%. A 50-day SMA is recorded $25.86, while a 200-day SMA reached $23.13. Nevertheless, trading volume fell to 1.83 million shares from 4.93 million shares the previous day.
Support And Resistance Levels for Atmus Filtration Technologies Inc (ATMU)
According to the 24-hour chart, there is a support level at 31.62, which, if violated, would cause prices to drop to 30.89. In the upper region, resistance lies at 32.81. The next price resistance is at 33.27. RSI (Relative Strength Index) is 72.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 21.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Atmus Filtration Technologies Inc subject to short interest?
Stocks of Atmus Filtration Technologies Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by -6.34 million shares to 4.84 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 11.18 million shares. A decline of -130.99% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.67 of the overall float, the days-to-cover ratio (short ratio) decline to 0.67.
