M & T Bank Corp’s filing revealed that its Director WALTERS KIRK W unloaded Company’s shares for reported $0.26 million on Aug 22 ’24. In the deal valued at $24.63 per share,10,441 shares were sold. As a result of this transaction, WALTERS KIRK W now holds 1,384 shares worth roughly $0.23 million.
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Then, WALTERS KIRK W sold 3,492 shares, generating $85,966 in total proceeds. Upon selling the shares at $24.62, the Director now owns 11,825 shares.
Before that, WALTERS KIRK W sold 1,384 shares. M & T Bank Corp shares valued at $34,116 were divested by the Director at a price of $24.65 per share. As a result of the transaction, WALTERS KIRK W now holds 0 shares, worth roughly $0.0.
Wells Fargo downgraded its M & T Bank Corp [MTB] rating to an Underweight from a an Equal weight in a research note published on August 15, 2024; the price target was decreased to $165 from $170. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Odeon also remained covering MTB and has decreased its forecast on September 29, 2023 with a “Hold” recommendation from previously “Buy” rating. Argus revised its rating on April 18, 2023. It rated MTB as “a Buy” which previously was an “a Hold”.
Price Performance Review of MTB
On Monday, M & T Bank Corp [NYSE:MTB] saw its stock fall -0.91% to $167.15. Over the last five days, the stock has gained 1.67%. M & T Bank Corp shares have risen nearly 21.94% since the year began. Nevertheless, the stocks have risen 32.33% over the past one year. While a 52-week high of $176.44 was reached on 07/25/24, a 52-week low of $108.53 was recorded on 02/07/24. SMA at 50 days reached $159.18, while 200 days put it at $144.22.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 165.99, which if violated will result in even more drops to 164.83. On the upside, there is a resistance level at 169.13. A further resistance level may holdings at 171.11. The Relative Strength Index (RSI) on the 14-day chart is 58.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.38%. Stochastics %K at 82.21% indicates the stock is a selling.
How much short interest is there in M & T Bank Corp?
A steep rise in short interest was recorded in M & T Bank Corp stocks on 2024-07-31, growing by 0.26 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.93 million shares. There was a rise of 8.05%, which implies that there is a positive sentiment for the stock.
