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Metallus Inc. (MTUS) receives a Sector weight rating from KeyBanc Capital Markets

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Metallus Inc.’s recent filing unveils that its EVP, Chief Financial Officer WESTBROOKS KRISTOPHER R unloaded Company’s shares for reported $0.25 million on May 10 ’24. In the deal valued at $23.02 per share,10,922 shares were sold. As a result of this transaction, WESTBROOKS KRISTOPHER R now holds 183,552 shares worth roughly $4.13 million.

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Then, Williams Michael S sold 6,633 shares, generating $152,992 in total proceeds. Upon selling the shares at $23.07, the President & CEO now owns 687,406 shares.

Before that, Raketich Kevin A sold 2,000 shares. Metallus Inc. shares valued at $46,000 were divested by the EVP, Chief Commercial Officer at a price of $23.00 per share. As a result of the transaction, Raketich Kevin A now holds 84,551 shares, worth roughly $1.9 million.

KeyBanc Capital Markets downgraded its Metallus Inc. [MTUS] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late February from “a Sector weight” to “an Overweight”. Exane BNP Paribas also remained covering MTUS and has increased its forecast on August 10, 2020 with a “Neutral” recommendation from previously “an Underperform” rating. Cowen maintained its rating on August 10, 2020. It rated MTUS as “a Market perform”.

Price Performance Review of MTUS

On Friday, Metallus Inc. [NYSE:MTUS] saw its stock jump 9.16% to $22.52. Over the last five days, the stock has gained 6.73%. Metallus Inc. shares have fallen nearly -3.97% since the year began. Nevertheless, the stocks have risen 30.93% over the past one year. While a 52-week high of $24.30 was reached on 05/10/24, a 52-week low of $16.57 was recorded on 02/27/24. SMA at 50 days reached $21.33, while 200 days put it at $21.16.

Levels Of Support And Resistance For MTUS Stock

The 24-hour chart illustrates a support level at 22.03, which if violated will result in even more drops to 21.54. On the upside, there is a resistance level at 23.26. A further resistance level may holdings at 24.01. The Relative Strength Index (RSI) on the 14-day chart is 63.81, 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 bullish at 29.92%. Stochastics %K at 33.54% indicates the stock is a holding.

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