Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Metropolitan Bank Holding Corp shares valued at $81,461 were sold by Rosenberg Nick on Nov 11 ’24. At $65.17 per share, Rosenberg Nick sold 1,250 shares. The insider’s holdings dropped to 30,193 shares worth approximately $2.03 million following the completion of this transaction.
Also, Nick Rosenberg purchased 1,250 shares, netting a total of over 79,000 in proceeds.
Before that, PATENT ROBERT C had sold 1,000 shares from its account. In a trade valued at $55,322, the Director traded Metropolitan Bank Holding Corp shares for $55.32 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.0.
As published in a research note from Hovde Group on October 21, 2024, Metropolitan Bank Holding Corp [MCB] has been retained to an Outperform and the price target has been revised to $68. As of December 15, 2023, Piper Sandler has initiated its “an Overweight” rating for MCB. Earlier on September 27, 2023, Hovde Group initiated its rating. Their recommendation was “an Outperform” for MCB stock.
Analyzing MCB Stock Performance
During the last five days, there has been a surge of approximately 7.56%. Over the course of the year, Metropolitan Bank Holding Corp shares have jumped approximately 21.51%. Shares of the company reached a 52-week high of $69.56 on 11/25/24 and a 52-week low of $32.46 on 04/18/24. A 50-day SMA is recorded $57.59, while a 200-day SMA reached $46.87. Nevertheless, trading volume fell to 59650.0 shares from 0.19 million shares the previous day.
Support And Resistance Levels for Metropolitan Bank Holding Corp (MCB)
According to the 24-hour chart, there is a support level at 66.29, which, if violated, would cause prices to drop to 65.30. In the upper region, resistance lies at 68.70. The next price resistance is at 70.12. RSI (Relative Strength Index) is 66.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.25, which suggests the price will increase in the coming days. Percent R is at 28.41%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
