Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MGIC Investment Corp shares valued at $3,676,500 were purchased by CULVER CURT S on Aug 02 ’24. At $24.51 per share, CULVER CURT S acquired 150,000 shares.
As published in a research note from Keefe Bruyette on June 03, 2024, MGIC Investment Corp [MTG] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $25 from $24. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of December 06, 2023, UBS has initiated its “Neutral” rating for MTG. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for MTG stock.
Analyzing MTG Stock Performance
During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, MGIC Investment Corp shares have jumped approximately 27.53%. Shares of the company reached a 52-week high of $26.52 on 10/17/24 and a 52-week low of $18.68 on 02/09/24. A 50-day SMA is recorded $25.18, while a 200-day SMA reached $22.43. Nevertheless, trading volume fell to 1.31 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for MGIC Investment Corp (MTG)
According to the 24-hour chart, there is a support level at 24.41, which, if violated, would cause prices to drop to 24.21. In the upper region, resistance lies at 24.80. The next price resistance is at 25.00. RSI (Relative Strength Index) is 46.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 47.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
