Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Myers Industries Inc. shares valued at $18,690 were purchased by Bright Yvette Dapremont on Aug 29 ’23. At $18.69 per share, Bright Yvette Dapremont acquired 1,000 shares. The insider’s holdings grew to 15,427 shares worth approximately $0.21 million following the completion of this transaction.
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Also, McGaugh Michael purchased 2,500 shares, netting a total of over 46,185 in proceeds. Following the buying of shares at $18.47 each, the insider now holds 171,296 shares.
As published in a research note from TD Cowen on March 02, 2023, Myers Industries Inc. [MYE] has been rated down from an Outperform to a Market perform and the price target has been revised to $23.75 from $28.50. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of August 27, 2019, Cowen has increased its “Market perform” rating to a “an Outperform” for MYE.
Analyzing MYE Stock Performance
During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, Myers Industries Inc. shares have dropped approximately -31.82%. Shares of the company reached a 52-week high of $23.63 on 03/22/24 and a 52-week low of $12.95 on 07/02/24. A 50-day SMA is recorded $16.72, while a 200-day SMA reached $18.48. Nevertheless, trading volume fell to 0.23 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Myers Industries Inc. (MYE)
According to the 24-hour chart, there is a support level at 12.90, which, if violated, would cause prices to drop to 12.79. In the upper region, resistance lies at 13.20. The next price resistance is at 13.39. RSI (Relative Strength Index) is 23.84 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 98.06%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
