M & T Bank Corp’s recent filing unveils that its Director GEISEL GARY N unloaded Company’s shares for reported $99014.0 on Mar 14 ’24. In the deal valued at $140.84 per share,703 shares were sold. As a result of this transaction, GEISEL GARY N now holds 16,459 shares worth roughly $2.21 million.
Then, WALTERS KIRK W sold 28,845 shares, generating $4,182,525 in total proceeds. Upon selling the shares at $145.00, the Director now owns 6,367 shares.
Before that, Meister Doris P. sold 3,961 shares. M & T Bank Corp shares valued at $568,819 were divested by the Sr. Executive Vice President at a price of $143.60 per share. As a result of the transaction, Meister Doris P. now holds 5,000 shares, worth roughly $0.67 million.
Deutsche Bank downgraded its M & T Bank Corp [MTB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Odeon’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Argus also remained covering MTB and has increased its forecast on April 18, 2023 with a “Buy” recommendation from previously “Hold” rating. UBS revised its rating on April 10, 2023. It rated MTB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTB
On Friday, M & T Bank Corp [NYSE:MTB] saw its stock fall -0.46% to $134.56. Over the last five days, the stock has lost -2.99%. M & T Bank Corp shares have fallen nearly -1.84% since the year began. Nevertheless, the stocks have risen 15.66% over the past one year. While a 52-week high of $148.23 was reached on 03/22/24, a 52-week low of $108.53 was recorded on 02/07/24. SMA at 50 days reached $138.80, while 200 days put it at $131.70. A total of 1.43 million shares were traded, compared to the trading of 0.97 million shares in the previous session.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 133.32, which if violated will result in even more drops to 132.07. On the upside, there is a resistance level at 135.57. A further resistance level may holdings at 136.57. The Relative Strength Index (RSI) on the 14-day chart is 38.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.40%. Stochastics %K at 11.62% indicates the stock is a buying.
