Montrose Environmental Group Inc’s recent filing unveils that its President & CEO Manthripragada Vijay unloaded Company’s shares for reported $0.58 million on May 06 ’24. In the deal valued at $46.51 per share,12,500 shares were sold. As a result of this transaction, Manthripragada Vijay now holds 316,637 shares worth roughly $12.88 million.
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Then, Dicks Allan bought 2,000 shares, generating $51,370 in total proceeds. Upon buying the shares at $25.68, the Chief Financial Officer now owns 264,124 shares.
Before that, Field Janet Risi bought 500 shares. Montrose Environmental Group Inc shares valued at $12,628 were divested by the Director at a price of $25.25 per share. As a result of the transaction, Field Janet Risi now holds 14,506 shares, worth roughly $0.59 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Overweight”. JP Morgan also remained covering MEG and has decreased its forecast on March 02, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on December 12, 2022. It rated MEG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MEG
On Tuesday, Montrose Environmental Group Inc [NYSE:MEG] saw its stock fall -3.78% to $40.69. Over the last five days, the stock has lost -12.79%. Montrose Environmental Group Inc shares have risen nearly 26.64% since the year began. Nevertheless, the stocks have fallen -3.40% over the past one year. While a 52-week high of $49.97 was reached on 05/21/24, a 52-week low of $21.96 was recorded on 01/18/24. SMA at 50 days reached $45.47, while 200 days put it at $35.52. A total of 0.29 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For MEG Stock
The 24-hour chart illustrates a support level at 39.85, which if violated will result in even more drops to 39.02. On the upside, there is a resistance level at 41.95. A further resistance level may holdings at 43.22. The Relative Strength Index (RSI) on the 14-day chart is 35.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.63%. Stochastics%K at 10.21% indicates the stock is a buying.
