M & T Bank Corp’s recently made public that its Director BARNES JOHN P unloaded Company’s shares for reported $6.71 million on May 14 ’24. In the deal valued at $154.50 per share,43,426 shares were sold. As a result of this transaction, BARNES JOHN P now holds 35,480 shares worth roughly $5.37 million.
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Then, WALTERS KIRK W sold 12,321 shares, generating $1,887,695 in total proceeds. Upon selling the shares at $153.21, the Director now owns 0 shares.
Before that, WALTERS KIRK W sold 2,650 shares. M & T Bank Corp shares valued at $406,004 were divested by the Director at a price of $153.21 per share. As a result of the transaction, WALTERS KIRK W now holds 3,698 shares, worth roughly $0.56 million.
Deutsche Bank downgraded its M & T Bank Corp [MTB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Odeon’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Argus also remained covering MTB and has increased its forecast on April 18, 2023 with a “Buy” recommendation from previously “Hold” rating. UBS revised its rating on April 10, 2023. It rated MTB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTB
On Friday, M & T Bank Corp [NYSE:MTB] saw its stock jump 2.51% to $151.36. Over the last five days, the stock has gained 2.61%. M & T Bank Corp shares have risen nearly 10.42% since the year began. Nevertheless, the stocks have risen 24.47% over the past one year. While a 52-week high of $156.65 was reached on 05/15/24, a 52-week low of $108.53 was recorded on 02/07/24. SMA at 50 days reached $148.02, while 200 days put it at $136.06. A total of 1.98 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 148.73, which if violated will result in even more drops to 146.11. On the upside, there is a resistance level at 153.42. A further resistance level may holdings at 155.49. The Relative Strength Index (RSI) on the 14-day chart is 59.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.47%. Stochastics%K at 75.75% indicates the stock is a holding.
