The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MDU Resources Group Inc shares valued at $923,970 were purchased by Johnson Rob L. on May 07 ’24. At $25.46 per share, Johnson Rob L. acquired 36,291 shares. The insider’s holdings grew to 41,934 shares worth approximately $0.79 million following the completion of this transaction.
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Also, Rosenthal Dale purchased 375 shares, netting a total of over 8,456 in proceeds. Following the buying of shares at $22.55 each, the insider now holds 16,499 shares.
As published in a research note from BofA Securities on November 05, 2024, MDU Resources Group Inc [MDU] has been rated up from a Neutral to a Buy and the price target has been revised to $17. Analysts at Siebert Williams Shank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of October 21, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for MDU. Earlier on May 20, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for MDU stock which previously was a “a Hold”.
Analyzing MDU Stock Performance
During the last five days, there has been a drop of approximately -3.49%. Over the course of the year, MDU Resources Group Inc shares have jumped approximately 71.38%. Shares of the company reached a 52-week high of $30.52 on 10/18/24 and a 52-week low of $14.91 on 11/01/24. A 50-day SMA is recorded $22.85, while a 200-day SMA reached $24.44. Nevertheless, trading volume fell to 1.67 million shares from 2.43 million shares the previous day.
Support And Resistance Levels for MDU Resources Group Inc (MDU)
According to the 24-hour chart, there is a support level at 18.62, which, if violated, would cause prices to drop to 18.45. In the upper region, resistance lies at 19.04. The next price resistance is at 19.28. RSI (Relative Strength Index) is 51.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 94.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
