Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Metropolitan Bank Holding Corp shares valued at $176,319 were sold by Lublin Scott on Dec 19 ’24. At $58.77 per share, Lublin Scott sold 3,000 shares. The insider’s holdings dropped to 52,253 shares worth approximately $2.97 million following the completion of this transaction.
Also, Scott Lublin purchased 3,000 shares, netting a total of over 176,325 in proceeds.
Before that, Rosenberg Nick had sold 1,250 shares from its account. In a trade valued at $81,461, the Executive Vice President traded Metropolitan Bank Holding Corp shares for $65.17 each. Upon closing the transaction, the insider’s holdings decreased to 1,250 shares, worth approximately $1.72 million.
As published in a research note from Hovde Group on October 21, 2024, Metropolitan Bank Holding Corp [MCB] has been retained to an Outperform and the price target has been revised to $68. As of December 15, 2023, Piper Sandler has initiated its “an Overweight” rating for MCB. Earlier on September 27, 2023, Hovde Group initiated its rating. Their recommendation was “an Outperform” for MCB stock.
Analyzing MCB Stock Performance
During the last five days, there has been a drop of approximately -2.60%. Over the course of the year, Metropolitan Bank Holding Corp shares have dropped approximately -2.60%. Shares of the company reached a 52-week high of $60.85 on 01/06/25 and a 52-week low of $56.76 on 01/08/25. A 50-day SMA is recorded $61.61, while a 200-day SMA reached $49.82. Nevertheless, trading volume fell to 0.11 million shares from 85800.0 shares the previous day.
Support And Resistance Levels for Metropolitan Bank Holding Corp (MCB)
According to the 24-hour chart, there is a support level at 56.40, which, if violated, would cause prices to drop to 55.91. In the upper region, resistance lies at 57.73. The next price resistance is at 58.57. RSI (Relative Strength Index) is 35.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 98.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
