Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. M & T Bank Corp shares valued at $537,566 were sold by GEISEL GARY N on Dec 03 ’24. At $215.89 per share, GEISEL GARY N sold 2,490 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, GEISEL GARY N purchased 2,490 shares, netting a total of over 532,860 in proceeds.
Before that, Woodrow Tracy S. had sold 2,121 shares from its account. In a trade valued at $468,200, the Sr. Executive Vice President traded M & T Bank Corp shares for $220.75 each. Upon closing the transaction, the insider’s holdings decreased to 2,121 shares, worth approximately $0.95 million.
As published in a research note from JP Morgan on December 04, 2024, M & T Bank Corp [MTB] has been rated down from an Overweight to a Neutral and the price target has been revised to $223.50 from $215. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of October 04, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for MTB. Earlier on October 02, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for MTB stock which previously was a “an In-line”.
Analyzing MTB Stock Performance
During the last five days, there has been a drop of approximately -7.27%. Over the course of the year, M & T Bank Corp shares have jumped approximately 35.26%. Shares of the company reached a 52-week high of $225.70 on 11/25/24 and a 52-week low of $128.31 on 02/07/24. A 50-day SMA is recorded $203.29, while a 200-day SMA reached $167.47. Nevertheless, trading volume fell to 1.52 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for M & T Bank Corp (MTB)
According to the 24-hour chart, there is a support level at 183.02, which, if violated, would cause prices to drop to 180.63. In the upper region, resistance lies at 189.65. The next price resistance is at 193.89. RSI (Relative Strength Index) is 23.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.19, which suggests the price will decrease in the coming days. Percent R is at 98.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
