MYT Netherlands Parent BV ADR’s filing revealed that its Officer MARTIN BEER acquired Company’s shares for reported $87880.0 on Oct 08 ’24. In the deal valued at $6.76 per share,13,000 shares were bought.
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Then, GARETH ALAIN LOCKE bought 15,000 shares, generating $101,400 in total proceeds.
Before that, MICHAEL KLIGER bought 109,963 shares. MYT Netherlands Parent BV ADR shares valued at $473,941 were divested by the Officer at a price of $4.31 per share.
Jefferies downgraded its MYT Netherlands Parent BV ADR [MYTE] rating to a Hold from a a Buy in a research note published on June 14, 2023; the price target was decreased to $4 from $19. A number of analysts have revised their coverage, including Societe Generale’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. JP Morgan also remained covering MYTE and has decreased its forecast on April 19, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. TD Cowen revised its rating on March 16, 2023. It rated MYTE as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of MYTE
On Tuesday, MYT Netherlands Parent BV ADR [NYSE:MYTE] saw its stock jump 14.64% to $7.75. Over the last five days, the stock has gained 112.33%. MYT Netherlands Parent BV ADR shares have risen nearly 142.95% since the year began. Nevertheless, the stocks have risen 138.46% over the past one year. While a 52-week high of $7.23 was reached on 10/08/24, a 52-week low of $2.05 was recorded on 02/01/24. SMA at 50 days reached $3.94, while 200 days put it at $3.94.
Levels Of Support And Resistance For MYTE Stock
The 24-hour chart illustrates a support level at 6.98, which if violated will result in even more drops to 6.20. On the upside, there is a resistance level at 8.38. A further resistance level may holdings at 9.02. The Relative Strength Index (RSI) on the 14-day chart is 89.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.51%. Stochastics %K at 90.95% indicates the stock is a selling.
How much short interest is there in MYT Netherlands Parent BV ADR?
A steep rise in short interest was recorded in MYT Netherlands Parent BV ADR stocks on 2024-09-13, dropping by 4930.0 shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.17 million shares. There was a decline of -3.03%, which implies that there is a negative sentiment for the stock.
