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William Blair’s latest rating for MOD stock

In a filing, Modine Manufacturing Co. revealed its VP, Human Resources Agen Brian Jon unloaded Company’s shares for reported $1.61 million on Mar 28 ’24. In the deal valued at $95.64 per share,16,799 shares were sold. As a result of this transaction, Agen Brian Jon now holds 102,409 shares worth roughly $10.48 million.

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Then, Wilson David J. sold 8,000 shares, generating $713,768 in total proceeds. Upon selling the shares at $89.22, the Director now owns 6,109 shares.

Before that, Patterson Christopher William sold 14,225 shares. Modine Manufacturing Co. shares valued at $1,288,243 were divested by the Director at a price of $90.56 per share. As a result of the transaction, Patterson Christopher William now holds 97,517 shares, worth roughly $9.98 million.

William Blair initiated its Modine Manufacturing Co. [MOD] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. B. Riley Securities started covering the stock on June 07, 2023. It rated MOD as “a Buy”.

Price Performance Review of MOD

On Monday, Modine Manufacturing Co. [NYSE:MOD] saw its stock fall -1.78% to $102.30. Over the last five days, the stock has lost -10.55%. Modine Manufacturing Co. shares have risen nearly 71.36% since the year began. Nevertheless, the stocks have risen 189.06% over the past one year. While a 52-week high of $120.11 was reached on 07/23/24, a 52-week low of $35.12 was recorded on 01/04/24. SMA at 50 days reached $101.14, while 200 days put it at $78.31. A total of 0.71 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For MOD Stock

The 24-hour chart illustrates a support level at 100.00, which if violated will result in even more drops to 97.71. On the upside, there is a resistance level at 106.13. A further resistance level may holdings at 109.97. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.46%. Stochastics%K at 23.20% indicates the stock is a holding.

The most recent change occurred on December 06, 2022 when CJS Securities began covering the stock and recommended ‘”a Market outperform”‘ rating along with a $25 price target.

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