M & T Bank Corp’s recently made public that its Sr. Executive Vice President Todaro Michael J. unloaded Company’s shares for reported $1.02 million on Nov 12 ’24. In the deal valued at $214.10 per share,4,786 shares were sold. As a result of this transaction, Todaro Michael J. now holds 2,787 shares worth roughly $0.6 million.
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Then, Wisler Michael A. bought 11,250 shares, generating $2,396,647 in total proceeds.
Before that, Todaro Michael J. bought 4,786 shares. M & T Bank Corp shares valued at $1,024,694 were divested by the Officer at a price of $214.10 per share.
Wolfe Research upgraded its M & T Bank Corp [MTB] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early October from “an In-line” to “an Outperform”. JP Morgan also remained covering MTB and has increased its forecast on September 03, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on August 15, 2024. It rated MTB as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of MTB
On Friday, M & T Bank Corp [NYSE:MTB] saw its stock jump 0.69% to $214.74. Over the last five days, the stock has gained 2.55%. M & T Bank Corp shares have risen nearly 56.65% since the year began. Nevertheless, the stocks have risen 71.39% over the past one year. While a 52-week high of $216.84 was reached on 11/06/24, a 52-week low of $123.37 was recorded on 02/07/24. SMA at 50 days reached $187.11, while 200 days put it at $159.12.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 212.81, which if violated will result in even more drops to 210.88. On the upside, there is a resistance level at 216.43. A further resistance level may holdings at 218.12. The Relative Strength Index (RSI) on the 14-day chart is 67.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.61%. Stochastics %K at 87.22% indicates the stock is a selling.
How much short interest is there in M & T Bank Corp?
A steep rise in short interest was recorded in M & T Bank Corp stocks on 2024-10-31, dropping by -1.0 million shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.37 million shares. There was a decline of -29.6%, which implies that there is a negative sentiment for the stock.
