Mistras Group Inc’s recently made public that its Senior EVP Lange Michael J. unloaded Company’s shares for reported $68260.0 on Sep 25 ’24. In the deal valued at $11.17 per share,6,111 shares were sold. As a result of this transaction, Lange Michael J. now holds 240,515 shares worth roughly $2.11 million.
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Then, Lange Michael J. sold 18,550 shares, generating $210,728 in total proceeds. Upon selling the shares at $11.36, the Senior EVP now owns 246,626 shares.
Before that, Lange Michael J. sold 12,827 shares. Mistras Group Inc shares valued at $138,403 were divested by the Senior EVP at a price of $10.79 per share. As a result of the transaction, Lange Michael J. now holds 265,176 shares, worth roughly $2.33 million.
BofA Securities upgraded its Mistras Group Inc [MG] rating to a Neutral from a an Underperform in a research note published recently. Maxim Group also remained covering MG and has decreased its forecast on May 12, 2020 with a “Hold” recommendation from previously “Buy” rating. Maxim Group started covering the stock on October 31, 2019. It rated MG as “a Buy”.
Price Performance Review of MG
On Tuesday, Mistras Group Inc [NYSE:MG] saw its stock fall -1.35% to $8.77. Over the last five days, the stock has lost -3.41%. Mistras Group Inc shares have risen nearly 19.81% since the year began. Nevertheless, the stocks have risen 21.64% over the past one year. While a 52-week high of $12.44 was reached on 10/17/24, a 52-week low of $7.09 was recorded on 01/02/24. SMA at 50 days reached $9.62, while 200 days put it at $9.61.
Levels Of Support And Resistance For MG Stock
The 24-hour chart illustrates a support level at 8.64, which if violated will result in even more drops to 8.51. On the upside, there is a resistance level at 8.90. A further resistance level may holdings at 9.03. 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 -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.05%. Stochastics %K at 28.31% indicates the stock is a holding.
How much short interest is there in Mistras Group Inc?
A steep rise in short interest was recorded in Mistras Group Inc stocks on 2024-11-29, dropping by 18352.0 shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.18 million shares. There was a decline of -11.71%, which implies that there is a negative sentiment for the stock.
