In a filing, M & T Bank Corp revealed its Vice Chairman GEISEL GARY N unloaded Company’s shares for reported $0.54 million on Dec 03 ’24. In the deal valued at $215.89 per share,2,490 shares were sold. As a result of this transaction, GEISEL GARY N now holds 0 shares worth roughly $0.0.
Then, GEISEL GARY N bought 2,490 shares, generating $532,860 in total proceeds.
Before that, Woodrow Tracy S. sold 2,121 shares. M & T Bank Corp shares valued at $468,200 were divested by the Sr. Executive Vice President at a price of $220.75 per share. As a result of the transaction, Woodrow Tracy S. now holds 5,141 shares, worth roughly $0.98 million.
JP Morgan downgraded its M & T Bank Corp [MTB] rating to a Neutral from a an Overweight in a research note published on December 04, 2024; the price target was increased to $223.50 from $215. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Wolfe Research also remained covering MTB and has increased its forecast on October 04, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Evercore ISI revised its rating on October 02, 2024. It rated MTB as “an Outperform” which previously was an “an In-line”.
Price Performance Review of MTB
On Friday, M & T Bank Corp [NYSE:MTB] saw its stock jump 1.49% to $191.54. Over the last five days, the stock has gained 0.27%. M & T Bank Corp shares have risen nearly 1.88% since the year began. Nevertheless, the stocks have risen 42.31% over the past one year. While a 52-week high of $225.70 was reached on 01/03/25, a 52-week low of $128.31 was recorded on 01/03/25. SMA at 50 days reached $203.24, while 200 days put it at $169.62.
Levels Of Support And Resistance For MTB Stock
The 24-hour chart illustrates a support level at 188.21, which if violated will result in even more drops to 184.87. On the upside, there is a resistance level at 193.34. A further resistance level may holdings at 195.14. The Relative Strength Index (RSI) on the 14-day chart is 40.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.35%. Stochastics %K at 27.67% indicates the stock is a holding.
How much short interest is there in M & T Bank Corp?
A steep rise in short interest was recorded in M & T Bank Corp stocks on 2024-12-13, growing by 0.17 million shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.4 million shares. There was a rise of 4.86%, which implies that there is a positive sentiment for the stock.
