In a filing, Modine Manufacturing Co revealed 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 $4.49 million.
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 $17.68 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 Monday, Modine Manufacturing Co [NYSE:MOD] saw its stock jump 0.28% to $122.78. Over the last five days, the stock has gained 3.48%. Modine Manufacturing Co shares have risen nearly 5.91% since the year began. Nevertheless, the stocks have risen 110.67% over the past one year. While a 52-week high of $146.84 was reached on 01/06/25, a 52-week low of $57.19 was recorded on 01/02/25. SMA at 50 days reached $127.06, while 200 days put it at $111.53.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 120.51, which if violated will result in even more drops to 118.23. On the upside, there is a resistance level at 127.03. A further resistance level may holdings at 131.27. The Relative Strength Index (RSI) on the 14-day chart is 47.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.15%. Stochastics %K at 34.38% indicates the stock is a holding.
How much short interest is there in Modine Manufacturing Co?
A steep rise in short interest was recorded in Modine Manufacturing Co stocks on 2024-12-13, dropping by 63841.0 shares to a total of 3.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.34 million shares. There was a decline of -1.95%, which implies that there is a negative 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.
