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Understanding the Risks of Investing in Atmus Filtration Technologies Inc (ATMU)

Atmus Filtration Technologies Inc’s filing revealed that its Director HAGGERTY GRETCHEN R acquired Company’s shares for reported $0.2 million on Aug 23 ’24. In the deal valued at $34.20 per share,5,849 shares were bought. As a result of this transaction, HAGGERTY GRETCHEN R now holds 19,882 shares worth roughly $0.79 million.

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Then, Macadam Stephen E. bought 8,250 shares, generating $260,370 in total proceeds. Upon buying the shares at $31.56, the Director now owns 32,083 shares.

Before that, Macadam Stephen E. bought 5,200 shares. Atmus Filtration Technologies Inc shares valued at $101,348 were divested by the Director at a price of $19.49 per share. As a result of the transaction, Macadam Stephen E. now holds 19,268 shares, worth roughly $0.76 million.

Northland Capital initiated its Atmus Filtration Technologies Inc [ATMU] rating to a Market perform in a research note published on January 24, 2024; the price target was $26. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. Robert W. Baird began covering ATMU with “an Outperform” recommendation on June 20, 2023. JP Morgan started covering the stock on June 20, 2023. It rated ATMU as “an Overweight”.

Price Performance Review of ATMU

On Tuesday, Atmus Filtration Technologies Inc [NYSE:ATMU] saw its stock jump 1.62% to $39.50. Over the last five days, the stock has gained 1.31%. Atmus Filtration Technologies Inc shares have risen nearly 68.16% since the year began. Nevertheless, the stocks have risen 94.49% over the past one year. While a 52-week high of $40.29 was reached on 10/17/24, a 52-week low of $18.73 was recorded on 02/07/24. SMA at 50 days reached $37.24, while 200 days put it at $30.78.

Levels Of Support And Resistance For ATMU Stock

The 24-hour chart illustrates a support level at 38.94, which if violated will result in even more drops to 38.39. On the upside, there is a resistance level at 39.92. A further resistance level may holdings at 40.35. The Relative Strength Index (RSI) on the 14-day chart is 58.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.65%. Stochastics %K at 48.83% indicates the stock is a holding.

How much short interest is there in Atmus Filtration Technologies Inc?

A steep rise in short interest was recorded in Atmus Filtration Technologies Inc stocks on 2024-10-15, growing by 0.14 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.48 million shares. There was a rise of 5.2%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 20, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.

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