Modine Manufacturing Co’s recent filing unveils that its President, Climate Solutions McGinnis Eric S unloaded Company’s shares for reported $5.6 million on Nov 08 ’24. In the deal valued at $127.25 per share,44,000 shares were sold. As a result of this transaction, McGinnis Eric S now holds 36,551 shares worth roughly $5.02 million.
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Then, McGinnis Eric S bought 44,000 shares, generating $5,604,280 in total proceeds.
Before that, WILLIAMS MARSHA C sold 34,400 shares. Modine Manufacturing Co shares valued at $3,775,072 were divested by the Director at a price of $109.74 per share. As a result of the transaction, WILLIAMS MARSHA C now holds 144,038 shares, worth roughly $19.79 million.
B. Riley Securities reiterated its Modine Manufacturing Co [MOD] rating to a Buy in a research note published on August 01, 2024; the price target was $140. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Oppenheimer began covering MOD with “an Outperform” recommendation on March 19, 2024.
Price Performance Review of MOD
On Monday, Modine Manufacturing Co [NYSE:MOD] saw its stock fall -4.06% to $137.40. Over the last five days, the stock has gained 8.79%. Modine Manufacturing Co shares have risen nearly 130.15% since the year began. Nevertheless, the stocks have risen 165.30% over the past one year. While a 52-week high of $144.02 was reached on 11/25/24, a 52-week low of $48.88 was recorded on 01/04/24. SMA at 50 days reached $128.64, while 200 days put it at $105.81.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 132.57, which if violated will result in even more drops to 127.75. On the upside, there is a resistance level at 144.53. A further resistance level may holdings at 151.67. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.58%. Stochastics %K at 87.72% indicates the stock is a selling.
How much short interest is there in Modine Manufacturing Co?
A steep rise in short interest was recorded in Modine Manufacturing Co stocks on 2024-10-31, dropping by -0.42 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.85 million shares. There was a decline of -12.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
