In a filing, Mayville Engineering Company Inc revealed its President & CEO Reddy Jagadeesh A acquired Company’s shares for reported $20046.0 on Mar 15 ’24. In the deal valued at $12.85 per share,1,560 shares were bought. As a result of this transaction, Reddy Jagadeesh A now holds 1,560 shares worth roughly $25989.6.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Fisher Steven L bought 3,000 shares, generating $38,250 in total proceeds. Upon buying the shares at $12.75, the Director now owns 21,735 shares.
Before that, Fisher Steven L bought 5,000 shares. Mayville Engineering Company Inc shares valued at $62,250 were divested by the Director at a price of $12.45 per share. As a result of the transaction, Fisher Steven L now holds 18,735 shares, worth roughly $0.31 million.
Robert W. Baird downgraded its Mayville Engineering Company Inc [MEC] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Robert W. Baird also remained covering MEC and has increased its forecast on November 03, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on January 21, 2022. It rated MEC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of MEC
On Friday, Mayville Engineering Company Inc [NYSE:MEC] saw its stock jump 0.66% to $16.66. Over the last five days, the stock has gained 5.71%. Mayville Engineering Company Inc shares have risen nearly 15.53% since the year began. Nevertheless, the stocks have risen 36.11% over the past one year. While a 52-week high of $17.00 was reached on 06/17/24, a 52-week low of $9.72 was recorded on 02/22/24. SMA at 50 days reached $15.46, while 200 days put it at $13.37. A total of 0.68 million shares were traded, compared to the trading of 65600.0 shares in the previous session.
Levels Of Support And Resistance For MEC Stock
The 24-hour chart illustrates a support level at 16.43, which if violated will result in even more drops to 16.21. On the upside, there is a resistance level at 16.90. A further resistance level may holdings at 17.15. The Relative Strength Index (RSI) on the 14-day chart is 56.39, 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 26.77%. Stochastics%K at 61.94% indicates the stock is a holding.
