The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. M & T Bank Corp shares valued at $2,396,647 were sold by Wisler Michael A. on Nov 14 ’24. At $213.04 per share, Wisler Michael A. sold 11,250 shares. The insider’s holdings dropped to 2,733 shares worth approximately $0.58 million following the completion of this transaction.
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Also, Todaro Michael J. sold 4,786 shares, netting a total of over 1,024,693 in proceeds. Following the sale of shares at $214.10 each, the insider now holds 2,787 shares.
Before that, Wisler Michael A. had added 11,250 shares to its account. In a trade valued at $2,396,647, the Officer bought M & T Bank Corp shares for $213.04 each.
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 surge of approximately 0.75%. Over the course of the year, M & T Bank Corp shares have jumped approximately 55.76%. 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 $189.91, while a 200-day SMA reached $160.34. Nevertheless, trading volume fell to 0.65 million shares from 0.56 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 211.70, which, if violated, would cause prices to drop to 209.87. In the upper region, resistance lies at 215.05. The next price resistance is at 216.57. RSI (Relative Strength Index) is 65.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.45, which suggests the price will increase in the coming days. Percent R is at 12.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
