Marten Transport, Ltd’s recent filing unveils that its Director BAUER JERRY M acquired Company’s shares for reported $0.16 million on Oct 30 ’24. In the deal valued at $15.81 per share,10,000 shares were bought. As a result of this transaction, BAUER JERRY M now holds 156,444 shares worth roughly $2.44 million.
Then, Phillips Adam Daniel sold 4,500 shares, generating $82,535 in total proceeds. Upon selling the shares at $18.34, the EVP & Chief Operating Officer now owns 7,448 shares.
Before that, Petit Douglas Paul sold 4,500 shares. Marten Transport, Ltd shares valued at $81,999 were divested by the President at a price of $18.22 per share. As a result of the transaction, Petit Douglas Paul now holds 31,600 shares, worth roughly $0.49 million.
Raymond James downgraded its Marten Transport, Ltd [MRTN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Vertical Research’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Hold”. Vertical Research revised its rating on January 10, 2024. It rated MRTN as “a Buy” which previously was an “a Hold”.
Price Performance Review of MRTN
On Friday, Marten Transport, Ltd [NASDAQ:MRTN] saw its stock fall -1.95% to $15.60. Over the last five days, the stock has lost -8.61%. Marten Transport, Ltd shares have fallen nearly -25.64% since the year began. Nevertheless, the stocks have fallen -23.11% over the past one year. While a 52-week high of $21.38 was reached on 01/02/24, a 52-week low of $15.33 was recorded on 04/19/24. SMA at 50 days reached $16.76, while 200 days put it at $17.39.
Levels Of Support And Resistance For MRTN Stock
The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 15.17. On the upside, there is a resistance level at 15.90. A further resistance level may holdings at 16.20. The Relative Strength Index (RSI) on the 14-day chart is 29.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.65%. Stochastics %K at 5.90% indicates the stock is a buying.
How much short interest is there in Marten Transport, Ltd?
A steep rise in short interest was recorded in Marten Transport, Ltd stocks on 2024-11-29, dropping by 46035.0 shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.78 million shares. There was a decline of -6.24%, which implies that there is a negative sentiment for the stock.
