In a filing, Metallus Inc. revealed its EVP, Chief Commercial Officer Raketich Kevin A unloaded Company’s shares for reported $16660.0 on Aug 14 ’24. In the deal valued at $16.66 per share,1,000 shares were sold. As a result of this transaction, Raketich Kevin A now holds 77,551 shares worth roughly $1.26 million.
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Then, Raketich Kevin A bought 1,000 shares, generating $16,660 in total proceeds.
Before that, WESTBROOKS KRISTOPHER R sold 16,247 shares. Metallus Inc. shares valued at $374,111 were divested by the EVP, Chief Financial Officer at a price of $23.03 per share. As a result of the transaction, WESTBROOKS KRISTOPHER R now holds 169,642 shares, worth roughly $2.76 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 -0.91% to $16.26. Over the last five days, the stock has lost -3.21%. Metallus Inc. shares have fallen nearly -30.66% since the year began. Nevertheless, the stocks have fallen -24.83% over the past one year. While a 52-week high of $24.31 was reached on 05/20/24, a 52-week low of $15.99 was recorded on 08/28/24. SMA at 50 days reached $19.47, while 200 days put it at $20.96.
Levels Of Support And Resistance For MTUS Stock
The 24-hour chart illustrates a support level at 16.04, which if violated will result in even more drops to 15.82. On the upside, there is a resistance level at 16.47. A further resistance level may holdings at 16.68. The Relative Strength Index (RSI) on the 14-day chart is 34.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.86%. Stochastics %K at 18.62% indicates the stock is a buying.
How much short interest is there in Metallus Inc.?
A steep rise in short interest was recorded in Metallus Inc. stocks on 2024-08-15, dropping by 42895.0 shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.56 million shares. There was a decline of -1.7%, which implies that there is a negative sentiment for the stock.
