In a filing, M & T Bank Corp revealed its Sr. Executive Vice President Woodrow Tracy S. unloaded Company’s shares for reported $0.47 million on Nov 26 ’24. In the deal valued at $220.75 per share,2,121 shares were sold. As a result of this transaction, Woodrow Tracy S. now holds 5,141 shares worth roughly $1.11 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SALAMONE DENIS J sold 10,000 shares, generating $2,234,052 in total proceeds. Upon selling the shares at $223.41, the Director now owns 34,902 shares.
Before that, Woodrow Tracy S. bought 2,121 shares. M & T Bank Corp shares valued at $468,200 were divested by the Officer at a price of $220.75 per share.
Citigroup downgraded its M & T Bank Corp [MTB] rating to a Neutral from a a Buy in a research note published on November 25, 2024; the price target was increased to $230 from $220. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early October from “a Peer perform” to “an Outperform”. Evercore ISI also remained covering MTB and has increased its forecast on October 02, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on September 03, 2024. It rated MTB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of MTB
On Monday, M & T Bank Corp [NYSE:MTB] saw its stock fall -1.95% to $215.69. Over the last five days, the stock has lost -2.46%. M & T Bank Corp shares have risen nearly 57.35% since the year began. Nevertheless, the stocks have risen 68.28% over the past one year. While a 52-week high of $225.70 was reached on 11/25/24, a 52-week low of $125.61 was recorded on 02/07/24. SMA at 50 days reached $196.35, while 200 days put it at $163.33.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 213.66, which if violated will result in even more drops to 211.63. On the upside, there is a resistance level at 218.78. A further resistance level may holdings at 221.87. The Relative Strength Index (RSI) on the 14-day chart is 60.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 69.08%. Stochastics %K at 54.92% indicates the stock is a holding.
How much short interest is there in M & T Bank Corp?
A steep rise in short interest was recorded in M & T Bank Corp stocks on 2024-11-15, dropping by -0.98 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.38 million shares. There was a decline of -28.82%, which implies that there is a negative sentiment for the stock.
