Metallus Inc.’s filing revealed that its President & CEO Williams Michael S unloaded Company’s shares for reported $0.7 million on May 20 ’24. In the deal valued at $24.09 per share,28,907 shares were sold. As a result of this transaction, Williams Michael S now holds 636,225 shares worth roughly $15.28 million.
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Then, SYRVALIN KRISTINE C sold 4,505 shares, generating $108,120 in total proceeds. Upon selling the shares at $24.00, the EVP General Counsel now owns 80,850 shares.
Before that, Williams Michael S sold 16,355 shares. Metallus Inc. shares valued at $376,165 were divested by the President & CEO at a price of $23.00 per share. As a result of the transaction, Williams Michael S now holds 665,132 shares, worth roughly $15.98 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 Tuesday, Metallus Inc. [NYSE:MTUS] saw its stock jump 1.35% to $24.02. Over the last five days, the stock has gained 6.10%. Metallus Inc. shares have risen nearly 2.43% since the year began. Nevertheless, the stocks have risen 35.10% over the past one year. While a 52-week high of $24.31 was reached on 05/20/24, a 52-week low of $16.83 was recorded on 02/27/24. SMA at 50 days reached $21.72, while 200 days put it at $21.18.
Levels Of Support And Resistance For MTUS Stock
The 24-hour chart illustrates a support level at 23.55, which if violated will result in even more drops to 23.08. On the upside, there is a resistance level at 24.26. A further resistance level may holdings at 24.50. The Relative Strength Index (RSI) on the 14-day chart is 73.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.04%. Stochastics %K at 89.13% indicates the stock is a selling.
