Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marten Transport, Ltd. shares valued at $82,535 were sold by Phillips Adam Daniel on Jul 25 ’24. At $18.34 per share, Phillips Adam Daniel sold 4,500 shares. The insider’s holdings dropped to 7,448 shares worth approximately $0.12 million following the completion of this transaction.
Also, Petit Douglas Paul sold 4,500 shares, netting a total of over 81,999 in proceeds. Following the sale of shares at $18.22 each, the insider now holds 31,600 shares.
As published in a research note from Raymond James on October 14, 2024, Marten Transport, Ltd. [MRTN] has been rated down from an Outperform to a Mkt perform. Analysts at Vertical Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early July. Earlier on January 10, 2024, Vertical Research upgraded its rating. Their new recommendation was “a Buy” for MRTN stock which previously was a “a Hold”.
Analyzing MRTN Stock Performance
During the last five days, there has been a surge of approximately 0.91%. Over the course of the year, Marten Transport, Ltd. shares have dropped approximately -20.45%. Shares of the company reached a 52-week high of $21.08 on 01/02/24 and a 52-week low of $15.33 on 04/19/24. A 50-day SMA is recorded $17.17, while a 200-day SMA reached $17.99. Nevertheless, trading volume fell to 0.52 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Marten Transport, Ltd. (MRTN)
According to the 24-hour chart, there is a support level at 16.48, which, if violated, would cause prices to drop to 16.27. In the upper region, resistance lies at 17.05. The next price resistance is at 17.40. RSI (Relative Strength Index) is 43.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 74.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
