Minerals Technologies, Inc.’s recently made public that its Group President MONAGLE DJ III unloaded Company’s shares for reported $1.19 million on Jun 24 ’24. In the deal valued at $83.63 per share,14,229 shares were sold. As a result of this transaction, MONAGLE DJ III now holds 79,731 shares worth roughly $6.15 million.
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Then, Hastings Jonathan J sold 21,543 shares, generating $1,817,197 in total proceeds. Upon selling the shares at $84.35, the Senior Vice President now owns 53,862 shares.
Before that, ARGIRAKIS BRETT sold 2,259 shares. Minerals Technologies, Inc. shares valued at $189,643 were divested by the Group President at a price of $83.95 per share. As a result of the transaction, ARGIRAKIS BRETT now holds 23,102 shares, worth roughly $1.78 million.
Seaport Research Partners upgraded its Minerals Technologies, Inc. [MTX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. CL King also remained covering MTX and has increased its forecast on July 31, 2023 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on February 03, 2023. It rated MTX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTX
On Friday, Minerals Technologies, Inc. [NYSE:MTX] saw its stock jump 2.35% to $77.10. Over the last five days, the stock has gained 0.35%. Minerals Technologies, Inc. shares have risen nearly 8.12% since the year began. Nevertheless, the stocks have risen 26.77% over the past one year. While a 52-week high of $90.29 was reached on 07/24/24, a 52-week low of $48.61 was recorded on 01/18/24. SMA at 50 days reached $79.22, while 200 days put it at $74.02.
Levels Of Support And Resistance For MTX Stock
The 24-hour chart illustrates a support level at 76.20, which if violated will result in even more drops to 75.29. On the upside, there is a resistance level at 77.61. A further resistance level may holdings at 78.11. The Relative Strength Index (RSI) on the 14-day chart is 53.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.80%. Stochastics %K at 71.41% indicates the stock is a holding.
How much short interest is there in Minerals Technologies, Inc.?
A steep rise in short interest was recorded in Minerals Technologies, Inc. stocks on 2024-08-15, dropping by -0.12 million shares to a total of 0.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.41 million shares. There was a decline of -41.29%, which implies that there is a negative sentiment for the stock.
