Modine Manufacturing Co.’s filing revealed that its Director WILLIAMS MARSHA C unloaded Company’s shares for reported $3.78 million on Aug 15 ’24. In the deal valued at $109.74 per share,34,400 shares were sold. As a result of this transaction, WILLIAMS MARSHA C now holds 144,038 shares worth roughly $16.77 million.
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Then, WILLIAMS MARSHA C bought 34,400 shares, generating $3,784,000 in total proceeds.
Before that, Agen Brian Jon sold 16,799 shares. Modine Manufacturing Co. shares valued at $1,606,584 were divested by the VP, Human Resources at a price of $95.64 per share. As a result of the transaction, Agen Brian Jon now holds 102,409 shares, worth roughly $11.92 million.
B. Riley Securities reiterated its Modine Manufacturing Co. [MOD] rating to a Buy in a research note published on August 01, 2024; the price target was $140. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Oppenheimer began covering MOD with “an Outperform” recommendation on March 19, 2024.
Price Performance Review of MOD
On Monday, Modine Manufacturing Co. [NYSE:MOD] saw its stock fall -2.50% to $116.44. Over the last five days, the stock has gained 5.64%. Modine Manufacturing Co. shares have risen nearly 95.04% since the year began. Nevertheless, the stocks have risen 159.62% over the past one year. While a 52-week high of $123.92 was reached on 07/31/24, a 52-week low of $38.50 was recorded on 01/04/24. SMA at 50 days reached $104.66, while 200 days put it at $84.71.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 114.50, which if violated will result in even more drops to 112.57. On the upside, there is a resistance level at 119.27. A further resistance level may holdings at 122.11. The Relative Strength Index (RSI) on the 14-day chart is 59.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.68%. Stochastics %K at 92.93% indicates the stock is a selling.
How much short interest is there in Modine Manufacturing Co.?
A steep rise in short interest was recorded in Modine Manufacturing Co. stocks on 2024-07-31, growing by 30458.0 shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.01 million shares. There was a rise of 1.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
