Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. M & T Bank Corp shares valued at $1,024,694 were purchased by Todaro Michael J. on Nov 12 ’24. At $214.10 per share, Todaro Michael J. acquired 4,786 shares.
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Also, WALTERS KIRK W sold 15,045 shares, netting a total of over 3,124,892 in proceeds. Following the sale of shares at $207.70 each, the insider now holds 0 shares.
Before that, WALTERS KIRK W had sold 1,590 shares from its account. In a trade valued at $334,249, the Director traded M & T Bank Corp shares for $210.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,590 shares, worth approximately $0.45 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 drop of approximately -2.14%. Over the course of the year, M & T Bank Corp shares have jumped approximately 54.60%. Shares of the company reached a 52-week high of $216.84 on 11/06/24 and a 52-week low of $128.31 on 02/07/24. A 50-day SMA is recorded $185.25, while a 200-day SMA reached $158.33. Nevertheless, trading volume fell to 0.7 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for M & T Bank Corp (MTB)
According to the 24-hour chart, there is a support level at 210.29, which, if violated, would cause prices to drop to 208.66. In the upper region, resistance lies at 215.08. The next price resistance is at 218.23. RSI (Relative Strength Index) is 65.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.29, which suggests the price will increase in the coming days. Percent R is at 17.80%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
