M & T Bank Corp’s recently made public that its Sr. Executive Vice President Meister Doris P. unloaded Company’s shares for reported $0.23 million on Apr 17 ’24. In the deal valued at $138.21 per share,1,638 shares were sold. As a result of this transaction, Meister Doris P. now holds 3,362 shares worth roughly $0.48 million.
Then, GEISEL GARY N sold 703 shares, generating $99,014 in total proceeds. Upon selling the shares at $140.84, the Director now owns 16,459 shares.
Before that, WALTERS KIRK W sold 28,845 shares. M & T Bank Corp shares valued at $4,182,525 were divested by the Director at a price of $145.00 per share. As a result of the transaction, WALTERS KIRK W now holds 6,367 shares, worth roughly $0.91 million.
Deutsche Bank downgraded its M & T Bank Corp [MTB] rating to a Hold from 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 jump 2.93% to $143.38. Over the last five days, the stock has gained 6.55%. M & T Bank Corp shares have risen nearly 4.60% since the year began. Nevertheless, the stocks have risen 10.62% 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 $139.59, while 200 days put it at $132.09. A total of 1.53 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 140.82, which if violated will result in even more drops to 138.25. On the upside, there is a resistance level at 144.68. A further resistance level may holdings at 145.98. The Relative Strength Index (RSI) on the 14-day chart is 56.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.40%. Stochastics %K at 59.90% indicates the stock is a holding.
