Montrose Environmental Group Inc’s filing revealed that its Chief Financial Officer Dicks Allan acquired Company’s shares for reported $51370.0 on Nov 10 ’23. In the deal valued at $25.68 per share,2,000 shares were bought. As a result of this transaction, Dicks Allan now holds 264,124 shares worth roughly $10.62 million.
Then, Field Janet Risi bought 500 shares, generating $12,628 in total proceeds. Upon buying the shares at $25.25, the Director now owns 14,506 shares.
Before that, Fernandez de Castro Jose Migue bought 10,000 shares. Montrose Environmental Group Inc shares valued at $329,440 were divested by the Director at a price of $32.94 per share. As a result of the transaction, Fernandez de Castro Jose Migue now holds 139,110 shares, worth roughly $5.59 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Overweight”. JP Morgan also remained covering MEG and has decreased its forecast on March 02, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on December 12, 2022. It rated MEG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MEG
On Friday, Montrose Environmental Group Inc [NYSE:MEG] saw its stock fall -4.10% to $40.20. Over the last five days, the stock has lost -9.99%. Montrose Environmental Group Inc shares have risen nearly 25.12% since the year began. Nevertheless, the stocks have risen 29.43% over the past one year. While a 52-week high of $45.96 was reached on 04/12/24, a 52-week low of $21.96 was recorded on 01/18/24. SMA at 50 days reached $38.26, while 200 days put it at $34.02. A total of 0.55 million shares were traded, compared to the trading of 2.02 million shares in the previous session.
Levels Of Support And Resistance For MEG Stock
The 24-hour chart illustrates a support level at 39.03, which if violated will result in even more drops to 37.85. On the upside, there is a resistance level at 41.79. A further resistance level may holdings at 43.37. The Relative Strength Index (RSI) on the 14-day chart is 48.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.23%. Stochastics %K at 41.36% indicates the stock is a holding.
