In a filing, Metallus Inc. revealed its EVP, Chief Financial Officer WESTBROOKS KRISTOPHER R unloaded Company’s shares for reported $0.37 million on Jul 16 ’24. In the deal valued at $23.03 per share,16,247 shares were sold. As a result of this transaction, WESTBROOKS KRISTOPHER R now holds 169,642 shares worth roughly $2.94 million.
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Then, Raketich Kevin A sold 2,000 shares, generating $46,000 in total proceeds. Upon selling the shares at $23.00, the EVP, Chief Commercial Officer now owns 78,551 shares.
Before that, Raketich Kevin A sold 1,000 shares. Metallus Inc. shares valued at $21,060 were divested by the EVP, Chief Commercial Officer at a price of $21.06 per share. As a result of the transaction, Raketich Kevin A now holds 80,551 shares, worth roughly $1.4 million.
KeyBanc Capital Markets downgraded its Metallus Inc. [MTUS] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late February from “a Sector weight” to “an Overweight”. Exane BNP Paribas also remained covering MTUS and has increased its forecast on August 10, 2020 with a “Neutral” recommendation from previously “an Underperform” rating. Cowen maintained its rating on August 10, 2020. It rated MTUS as “a Market perform”.
Price Performance Review of MTUS
On Friday, Metallus Inc. [NYSE:MTUS] saw its stock fall -11.39% to $17.35. Over the last five days, the stock has lost -12.02%. Metallus Inc. shares have fallen nearly -26.01% since the year began. Nevertheless, the stocks have fallen -19.79% over the past one year. While a 52-week high of $24.31 was reached on 05/20/24, a 52-week low of $18.63 was recorded on 08/09/24. SMA at 50 days reached $21.14, while 200 days put it at $21.22.
Levels Of Support And Resistance For MTUS Stock
The 24-hour chart illustrates a support level at 16.75, which if violated will result in even more drops to 16.15. On the upside, there is a resistance level at 18.33. A further resistance level may holdings at 19.32. The Relative Strength Index (RSI) on the 14-day chart is 29.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.19%. Stochastics%K at 11.71% indicates the stock is a buying.
