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MYR Group Inc’s latest rating changes from various analysts

MYR Group Inc’s filing revealed that its Senior VP and CFO Huntington Kelly Michelle acquired Company’s shares for reported $0.2 million on Aug 09 ’24. In the deal valued at $99.50 per share,2,000 shares were bought. As a result of this transaction, Huntington Kelly Michelle now holds 2,530 shares worth roughly $0.25 million.

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Then, Swartz Richard S. Jr. sold 18,000 shares, generating $2,577,839 in total proceeds. Upon selling the shares at $143.21, the President and CEO now owns 118,836 shares.

Before that, FRY WILLIAM sold 3,500 shares. MYR Group Inc shares valued at $507,658 were divested by the VP, CLO and Secretary at a price of $145.05 per share. As a result of the transaction, FRY WILLIAM now holds 6,434 shares, worth roughly $0.64 million.

Sidoti downgraded its MYR Group Inc [MYRG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early January with a ‘”a Sector weight”‘ rating. Goldman began covering MYRG with “Buy” recommendation on December 15, 2023.

Price Performance Review of MYRG

On Tuesday, MYR Group Inc [NASDAQ:MYRG] saw its stock fall -0.52% to $99.18. Over the last five days, the stock has gained 0.28%. MYR Group Inc shares have fallen nearly -31.43% since the year began. Nevertheless, the stocks have fallen -30.52% over the past one year. While a 52-week high of $181.02 was reached on 04/08/24, a 52-week low of $92.48 was recorded on 08/05/24. SMA at 50 days reached $134.46, while 200 days put it at $145.04.

Levels Of Support And Resistance For MYRG Stock

The 24-hour chart illustrates a support level at 97.84, which if violated will result in even more drops to 96.49. On the upside, there is a resistance level at 100.96. A further resistance level may holdings at 102.73. The Relative Strength Index (RSI) on the 14-day chart is 28.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.47%. Stochastics%K at 12.40% indicates the stock is a buying.

How much short interest is there in MYR Group Inc?

A steep rise in short interest was recorded in MYR Group Inc stocks on , growing by 54197.0 shares to a total of 0.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.61 million shares. There was a rise of 8.21%, which implies that there is a positive sentiment for the stock.

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