Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. M & T Bank Corp shares valued at $3,887,200 were purchased by John P. Barnes on Oct 22 ’24. At $194.36 per share, John P. Barnes acquired 20,000 shares.
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Also, King Darren J purchased 10,000 shares, netting a total of over 1,950,000 in proceeds.
Before that, SALAMONE DENIS J had sold 10,000 shares from its account. In a trade valued at $1,720,250, the Director traded M & T Bank Corp shares for $172.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $8.7 million.
As published in a research note from Wolfe Research on October 04, 2024, M & T Bank Corp [MTB] has been rated up from a Peer perform to an Outperform and the price target has been revised to $210. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of September 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for MTB. Earlier on August 15, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for MTB stock which previously was a “an Equal weight”.
Analyzing MTB Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, M & T Bank Corp shares have jumped approximately 41.41%. Nevertheless, trading volume fell to 1.12 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for M & T Bank Corp (MTB)
RSI (Relative Strength Index) is 68.66 on the 14-day chart, showing neutral technical sentiment.
