Mativ Holdings Inc’s recently made public 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 $6.12 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 $6.08 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 1.90% to $18.19. Over the last five days, the stock has gained 4.36%. Mativ Holdings Inc shares have risen nearly 18.81% since the year began. Nevertheless, the stocks have fallen -9.73% over the past one year. While a 52-week high of $20.38 was reached on 03/28/24, a 52-week low of $10.78 was recorded on 02/05/24. SMA at 50 days reached $17.02, while 200 days put it at $15.08. A total of 0.22 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For MATV Stock
The 24-hour chart illustrates a support level at 17.71, which if violated will result in even more drops to 17.24. On the upside, there is a resistance level at 18.50. A further resistance level may holdings at 18.82. The Relative Strength Index (RSI) on the 14-day chart is 57.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.03%. Stochastics %K at 51.80% indicates the stock is a holding.
