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Understanding the Risks of Investing in MDU Resources Group Inc (MDU)

MDU Resources Group Inc’s recent filing unveils that its President-WBI Holdings Johnson Rob L. acquired Company’s shares for reported $0.92 million on May 07 ’24. In the deal valued at $25.46 per share,36,291 shares were bought. As a result of this transaction, Johnson Rob L. now holds 41,934 shares worth roughly $1.03 million.

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Then, Rosenthal Dale bought 375 shares, generating $8,456 in total proceeds. Upon buying the shares at $22.55, the Director now owns 16,499 shares.

Argus upgraded its MDU Resources Group Inc [MDU] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early June from “an Underperform” to “a Buy”. BofA Securities also remained covering MDU and has decreased its forecast on October 24, 2022 with a “an Underperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on August 05, 2022. It rated MDU as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MDU

On Friday, MDU Resources Group Inc [NYSE:MDU] saw its stock fall -1.56% to $24.56. Over the last five days, the stock has lost -1.84%. MDU Resources Group Inc shares have risen nearly 24.04% since the year began. Nevertheless, the stocks have risen 17.18% over the past one year. While a 52-week high of $25.99 was reached on 05/21/24, a 52-week low of $18.04 was recorded on 01/19/24. SMA at 50 days reached $25.05, while 200 days put it at $21.62. A total of 1.29 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For MDU Stock

The 24-hour chart illustrates a support level at 24.39, which if violated will result in even more drops to 24.23. On the upside, there is a resistance level at 24.86. A further resistance level may holdings at 25.17. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.21%. Stochastics%K at 43.50% indicates the stock is a holding.

The most recent change occurred on March 23, 2021 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $36 price target.

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