The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Markel Group Inc shares valued at $154,972 were purchased by GAYNER THOMAS SINNICKSON on Nov 01 ’24. At $1549.72 per share, GAYNER THOMAS SINNICKSON acquired 100 shares. The insider’s holdings grew to 48,890 shares worth approximately $83.49 million following the completion of this transaction.
Also, Cunningham Lawrence A purchased 20 shares, netting a total of over 30,250 in proceeds. Following the buying of shares at $1512.50 each, the insider now holds 743 shares.
Before that, Cunningham Lawrence A had added 10 shares to its account. In a trade valued at $15,500, the Director bought Markel Group Inc shares for $1550.00 each. Upon closing the transaction, the insider’s holdings increased to 10 shares, worth approximately $1.23 million.
As published in a research note from TD Cowen on December 02, 2024, Markel Group Inc [MKL] has been rated down from a Buy to a Hold and the price target has been revised to $1836 from $1986. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of March 15, 2024, Janney has decreased its “Buy” rating to a “Neutral” for MKL. Earlier on February 05, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for MKL stock which previously was a “a Buy”.
Analyzing MKL Stock Performance
During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Markel Group Inc shares have dropped approximately -1.07%. Shares of the company reached a 52-week high of $1,739.46 on 01/06/25 and a 52-week low of $1,688.35 on 01/08/25. A 50-day SMA is recorded $1,697.74, while a 200-day SMA reached $1,593.98. Nevertheless, trading volume fell to 52990.0 shares from 51300.0 shares the previous day.
Support And Resistance Levels for Markel Group Inc (MKL)
According to the 24-hour chart, there is a support level at 1,692.47, which, if violated, would cause prices to drop to 1,677.21. In the upper region, resistance lies at 1,718.87. The next price resistance is at 1,730.01. RSI (Relative Strength Index) is 46.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.12, which suggests the price will decrease in the coming days. Percent R is at 64.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
