Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MidWestOne Financial Group Inc shares valued at $50,000 were purchased by Hayek Matthew J on Sep 30 ’24. At $25.00 per share, Hayek Matthew J acquired 2,000 shares. The insider’s holdings grew to 11,293 shares worth approximately $0.37 million following the completion of this transaction.
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Also, GREEFF DOUGLAS H purchased 4,000 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $25.00 each, the insider now holds 13,891 shares.
Before that, Sims Gary L had added 2,000 shares to its account. In a trade valued at $50,000, the SVP & Chief Credit Officer bought MidWestOne Financial Group Inc shares for $25.00 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.51 million.
As published in a research note from Hovde Group on April 26, 2024, MidWestOne Financial Group Inc [MOFG] has been retained to a Market perform and the price target has been revised to $21.50. Earlier on June 12, 2023, Hovde Group initiated its rating. Their recommendation was “an Outperform” for MOFG stock.
Analyzing MOFG Stock Performance
During the last five days, there has been a surge of approximately 2.30%. Over the course of the year, MidWestOne Financial Group Inc shares have jumped approximately 22.22%. Shares of the company reached a 52-week high of $34.56 on 11/25/24 and a 52-week low of $19.43 on 04/19/24. A 50-day SMA is recorded $29.82, while a 200-day SMA reached $25.20. Nevertheless, trading volume fell to 76821.0 shares from 96600.0 shares the previous day.
Support And Resistance Levels for MidWestOne Financial Group Inc (MOFG)
According to the 24-hour chart, there is a support level at 32.60, which, if violated, would cause prices to drop to 32.31. In the upper region, resistance lies at 33.31. The next price resistance is at 33.73. RSI (Relative Strength Index) is 60.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 52.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
