Modine Manufacturing Co’s recently made public that its President, Climate Solutions McGinnis Eric S unloaded Company’s shares for reported $5.6 million on Nov 08 ’24. In the deal valued at $127.25 per share,44,000 shares were sold. As a result of this transaction, McGinnis Eric S now holds 36,551 shares worth roughly $4.33 million.
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Then, McGinnis Eric S bought 44,000 shares, generating $5,604,280 in total proceeds.
Before that, WILLIAMS MARSHA C sold 34,400 shares. Modine Manufacturing Co shares valued at $3,775,072 were divested by the Director at a price of $109.74 per share. As a result of the transaction, WILLIAMS MARSHA C now holds 144,038 shares, worth roughly $17.08 million.
B. Riley Securities reiterated its Modine Manufacturing Co [MOD] rating to a Buy in a research note published on August 01, 2024; the price target was $140. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Oppenheimer began covering MOD with “an Outperform” recommendation on March 19, 2024.
Price Performance Review of MOD
On Tuesday, Modine Manufacturing Co [NYSE:MOD] saw its stock jump 0.94% to $118.58. Over the last five days, the stock has lost -7.12%. Modine Manufacturing Co shares have risen nearly 98.63% since the year began. Nevertheless, the stocks have risen 102.11% over the past one year. While a 52-week high of $146.84 was reached on 11/25/24, a 52-week low of $57.19 was recorded on 01/04/24. SMA at 50 days reached $128.77, while 200 days put it at $110.48.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 116.81, which if violated will result in even more drops to 115.05. On the upside, there is a resistance level at 119.53. A further resistance level may holdings at 120.49. The Relative Strength Index (RSI) on the 14-day chart is 39.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.10%. Stochastics %K at 16.55% indicates the stock is a buying.
How much short interest is there in Modine Manufacturing Co?
A steep rise in short interest was recorded in Modine Manufacturing Co stocks on 2024-11-29, growing by 0.17 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.43 million shares. There was a rise of 4.59%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
