Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Modine Manufacturing Co shares valued at $5,598,807 were sold by McGinnis Eric S on Nov 08 ’24. At $127.25 per share, McGinnis Eric S sold 44,000 shares. The insider’s holdings dropped to 36,551 shares worth approximately $4.89 million following the completion of this transaction.
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Also, McGinnis Eric S purchased 44,000 shares, netting a total of over 5,604,280 in proceeds.
Before that, WILLIAMS MARSHA C had sold 34,400 shares from its account. In a trade valued at $3,775,072, the Director traded Modine Manufacturing Co shares for $109.74 each. Upon closing the transaction, the insider’s holdings decreased to 34,400 shares, worth approximately $19.25 million.
As published in a research note from B. Riley Securities on August 01, 2024, Modine Manufacturing Co [MOD] has been retained to a Buy and the price target has been revised to $140. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of March 19, 2024, Oppenheimer has initiated its “an Outperform” rating for MOD.
Analyzing MOD Stock Performance
During the last five days, there has been a surge of approximately 5.00%. Over the course of the year, Modine Manufacturing Co shares have jumped approximately 123.87%. Shares of the company reached a 52-week high of $141.72 on 10/17/24 and a 52-week low of $57.19 on 01/04/24. A 50-day SMA is recorded $126.91, while a 200-day SMA reached $104.78. Nevertheless, trading volume fell to 0.79 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Modine Manufacturing Co (MOD)
According to the 24-hour chart, there is a support level at 130.50, which, if violated, would cause prices to drop to 127.35. In the upper region, resistance lies at 136.46. The next price resistance is at 139.27. RSI (Relative Strength Index) is 56.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.81, which suggests the price will increase in the coming days. Percent R is at 9.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
