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Wells Fargo Downgrades Atmus Filtration Technologies Inc (ATMU) to an Equal weight from an Overweight

Atmus Filtration Technologies Inc’s filing revealed that its Director HAGGERTY GRETCHEN R acquired Company’s shares for reported $0.2 million on Aug 23 ’24. In the deal valued at $34.20 per share,5,849 shares were bought. As a result of this transaction, HAGGERTY GRETCHEN R now holds 19,882 shares worth roughly $0.87 million.

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Then, Macadam Stephen E. bought 8,250 shares, generating $260,370 in total proceeds. Upon buying the shares at $31.56, the Director now owns 32,083 shares.

Wells Fargo downgraded its Atmus Filtration Technologies Inc [ATMU] rating to an Equal weight from a an Overweight in a research note published on November 11, 2024; the price target was increased to $45 from $42. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late January with a ‘”a Market perform”‘ rating. Wells Fargo began covering ATMU with “an Overweight” recommendation on June 20, 2023. Robert W. Baird started covering the stock on June 20, 2023. It rated ATMU as “an Outperform”.

Price Performance Review of ATMU

On Monday, Atmus Filtration Technologies Inc [NYSE:ATMU] saw its stock jump 0.81% to $43.64. Over the last five days, the stock has lost -1.93%. Atmus Filtration Technologies Inc shares have risen nearly 85.78% since the year began. Nevertheless, the stocks have risen 99.45% over the past one year. While a 52-week high of $45.43 was reached on 11/25/24, a 52-week low of $21.09 was recorded on 02/07/24. SMA at 50 days reached $40.26, while 200 days put it at $32.66.

Levels Of Support And Resistance For ATMU Stock

The 24-hour chart illustrates a support level at 43.13, which if violated will result in even more drops to 42.63. On the upside, there is a resistance level at 44.45. A further resistance level may holdings at 45.26. The Relative Strength Index (RSI) on the 14-day chart is 61.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.96%. Stochastics %K at 36.70% indicates the stock is a holding.

How much short interest is there in Atmus Filtration Technologies Inc?

A steep rise in short interest was recorded in Atmus Filtration Technologies Inc stocks on 2024-11-15, dropping by -0.22 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.62 million shares. There was a decline of -9.05%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 20, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $28 price target.

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