Modine Manufacturing Co.’s recently made public that its Director WILLIAMS MARSHA C unloaded Company’s shares for reported $3.78 million on Aug 15 ’24. In the deal valued at $109.74 per share,34,400 shares were sold. As a result of this transaction, WILLIAMS MARSHA C now holds 144,038 shares worth roughly $18.88 million.
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Then, WILLIAMS MARSHA C bought 34,400 shares, generating $3,784,000 in total proceeds.
Before that, Agen Brian Jon sold 16,799 shares. Modine Manufacturing Co. shares valued at $1,606,584 were divested by the VP, Human Resources at a price of $95.64 per share. As a result of the transaction, Agen Brian Jon now holds 102,409 shares, worth roughly $13.42 million.
B. Riley Securities reiterated its Modine Manufacturing Co. [MOD] rating to a Buy in a research note published on August 01, 2024; the price target was $140. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Oppenheimer began covering MOD with “an Outperform” recommendation on March 19, 2024.
Price Performance Review of MOD
On Monday, Modine Manufacturing Co. [NYSE:MOD] saw its stock jump 2.99% to $131.06. Over the last five days, the stock has gained 0.41%. Modine Manufacturing Co. shares have risen nearly 119.53% since the year began. Nevertheless, the stocks have risen 227.90% over the past one year. While a 52-week high of $141.72 was reached on 10/17/24, a 52-week low of $38.50 was recorded on 01/04/24. SMA at 50 days reached $122.07, while 200 days put it at $99.91.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 128.50, which if violated will result in even more drops to 125.95. On the upside, there is a resistance level at 132.67. A further resistance level may holdings at 134.29. The Relative Strength Index (RSI) on the 14-day chart is 54.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.28%. Stochastics %K at 28.31% indicates the stock is a holding.
How much short interest is there in Modine Manufacturing Co.?
A steep rise in short interest was recorded in Modine Manufacturing Co. stocks on 2024-10-15, dropping by -0.15 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.85 million shares. There was a decline of -4.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
