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The Potential Rise in the Price of Minerals Technologies, Inc. (MTX) following insiders activity

Minerals Technologies, Inc.’s recent filing unveils that its Senior Vice President Hastings Jonathan J unloaded Company’s shares for reported $1.82 million on Jun 18 ’24. In the deal valued at $84.35 per share,21,543 shares were sold. As a result of this transaction, Hastings Jonathan J now holds 53,862 shares worth roughly $4.52 million.

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Then, ARGIRAKIS BRETT sold 2,259 shares, generating $189,643 in total proceeds. Upon selling the shares at $83.95, the Group President now owns 23,102 shares.

Before that, Hastings Jonathan J sold 8,964 shares. Minerals Technologies, Inc. shares valued at $765,679 were divested by the Senior Vice President at a price of $85.42 per share. As a result of the transaction, Hastings Jonathan J now holds 53,862 shares, worth roughly $4.52 million.

Seaport Research Partners upgraded its Minerals Technologies, Inc. [MTX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. CL King also remained covering MTX and has increased its forecast on July 31, 2023 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on February 03, 2023. It rated MTX as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MTX

On Friday, Minerals Technologies, Inc. [NYSE:MTX] saw its stock jump 0.02% to $83.87. Over the last five days, the stock has gained 0.74%. Minerals Technologies, Inc. shares have risen nearly 17.61% since the year began. Nevertheless, the stocks have risen 48.86% over the past one year. While a 52-week high of $87.46 was reached on 06/03/24, a 52-week low of $48.61 was recorded on 01/18/24. SMA at 50 days reached $79.57, while 200 days put it at $67.88. A total of 0.51 million shares were traded, compared to the trading of 89300.0 shares in the previous session.

Levels Of Support And Resistance For MTX Stock

The 24-hour chart illustrates a support level at 83.27, which if violated will result in even more drops to 82.68. On the upside, there is a resistance level at 84.23. A further resistance level may holdings at 84.60. The Relative Strength Index (RSI) on the 14-day chart is 54.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.34%. Stochastics %K at 43.58% indicates the stock is a holding.

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