Mativ Holdings Inc’s filing revealed that its Director Keenan Jeffrey acquired Company’s shares for reported $35460.0 on Mar 18 ’24. In the deal valued at $17.73 per share,2,000 shares were bought. As a result of this transaction, Keenan Jeffrey now holds 336,500 shares worth roughly $5.87 million.
Then, Keenan Jeffrey bought 500 shares, generating $8,925 in total proceeds. Upon buying the shares at $17.85, the Director now owns 334,500 shares.
Before that, Keenan Jeffrey bought 2,000 shares. Mativ Holdings Inc shares valued at $35,040 were divested by the Director at a price of $17.52 per share. As a result of the transaction, Keenan Jeffrey now holds 334,000 shares, worth roughly $5.82 million.
CJS Securities initiated its Mativ Holdings Inc [MATV] rating to a Market outperform in a research note published on December 12, 2022; the price target was $32.
Price Performance Review of MATV
On Tuesday, Mativ Holdings Inc [NYSE:MATV] saw its stock jump 0.11% to $17.43. Over the last five days, the stock has lost -6.19%. Mativ Holdings Inc shares have risen nearly 13.85% since the year began. Nevertheless, the stocks have fallen -17.35% over the past one year. While a 52-week high of $21.59 was reached on 03/28/24, a 52-week low of $10.78 was recorded on 02/05/24. SMA at 50 days reached $16.41, while 200 days put it at $15.01. A total of 0.23 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For MATV Stock
The 24-hour chart illustrates a support level at 17.02, which if violated will result in even more drops to 16.60. On the upside, there is a resistance level at 17.70. A further resistance level may holdings at 17.97. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.01%. Stochastics %K at 14.77% indicates the stock is a buying.
