Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Modine Manufacturing Co. shares valued at $3,775,072 were sold by WILLIAMS MARSHA C on Aug 15 ’24. At $109.74 per share, WILLIAMS MARSHA C sold 34,400 shares. The insider’s holdings dropped to 144,038 shares worth approximately $19.52 million following the completion of this transaction.
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Also, WILLIAMS MARSHA C purchased 34,400 shares, netting a total of over 3,784,000 in proceeds.
Before that, Agen Brian Jon had sold 16,799 shares from its account. In a trade valued at $1,606,584, the VP, Human Resources traded Modine Manufacturing Co. shares for $95.64 each. Upon closing the transaction, the insider’s holdings decreased to 16,799 shares, worth approximately $13.88 million.
As published in a research note from B. Riley Securities on August 01, 2024, Modine Manufacturing Co. [MOD] has been retained to a Buy and the price target has been revised to $140. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of March 19, 2024, Oppenheimer has initiated its “an Outperform” rating for MOD.
Analyzing MOD Stock Performance
During the last five days, there has been a surge of approximately 3.50%. Over the course of the year, Modine Manufacturing Co. shares have jumped approximately 127.02%. Shares of the company reached a 52-week high of $141.72 on 10/17/24 and a 52-week low of $57.19 on 01/04/24. A 50-day SMA is recorded $118.62, while a 200-day SMA reached $97.51. Nevertheless, trading volume fell to 0.76 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Modine Manufacturing Co. (MOD)
According to the 24-hour chart, there is a support level at 132.78, which, if violated, would cause prices to drop to 130.03. In the upper region, resistance lies at 140.00. The next price resistance is at 144.47. RSI (Relative Strength Index) is 60.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 36.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
