In a filing, MGIC Investment Corp revealed its Director CULVER CURT S acquired Company’s shares for reported $3.68 million on Aug 02 ’24. In the deal valued at $24.51 per share,150,000 shares were bought.
Keefe Bruyette upgraded its MGIC Investment Corp [MTG] rating to an Outperform from a a Mkt perform in a research note published on June 03, 2024; the price target was increased to $25 from $24. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. UBS began covering MTG with “Neutral” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated MTG as “an Equal weight”.
Price Performance Review of MTG
On Tuesday, MGIC Investment Corp [NYSE:MTG] saw its stock jump 1.40% to $23.85. Over the last five days, the stock has lost -5.39%. MGIC Investment Corp shares have risen nearly 23.64% since the year began. Nevertheless, the stocks have risen 34.44% over the past one year. While a 52-week high of $26.52 was reached on 10/17/24, a 52-week low of $17.25 was recorded on 02/09/24. SMA at 50 days reached $25.25, while 200 days put it at $22.26.
Levels Of Support And Resistance For MTG Stock
The 24-hour chart illustrates a support level at 23.49, which if violated will result in even more drops to 23.13. On the upside, there is a resistance level at 24.08. A further resistance level may holdings at 24.30. The Relative Strength Index (RSI) on the 14-day chart is 35.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.52%. Stochastics %K at 8.15% indicates the stock is a buying.
How much short interest is there in MGIC Investment Corp?
A steep rise in short interest was recorded in MGIC Investment Corp stocks on 2024-10-15, dropping by -0.57 million shares to a total of 9.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.68 million shares. There was a decline of -6.22%, which implies that there is a negative sentiment for the stock.
