Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MidWestOne Financial Group Inc shares valued at $50,000 were purchased by Hayek Matthew J on Sep 30 ’24. At $25.00 per share, Hayek Matthew J acquired 2,000 shares. The insider’s holdings grew to 11,293 shares worth approximately $0.32 million following the completion of this transaction.
Also, GREEFF DOUGLAS H purchased 4,000 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $25.00 each, the insider now holds 13,891 shares.
Before that, Sims Gary L had added 2,000 shares to its account. In a trade valued at $50,000, the SVP & Chief Credit Officer bought MidWestOne Financial Group Inc shares for $25.00 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.44 million.
As published in a research note from Keefe Bruyette on December 17, 2024, MidWestOne Financial Group Inc [MOFG] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $39 from $34. Analysts at Hovde Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late April.
Analyzing MOFG Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, MidWestOne Financial Group Inc shares have dropped approximately -2.61%. Shares of the company reached a 52-week high of $29.60 on 01/02/25 and a 52-week low of $27.95 on 01/08/25. A 50-day SMA is recorded $31.25, while a 200-day SMA reached $26.31. Nevertheless, trading volume fell to 69870.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for MidWestOne Financial Group Inc (MOFG)
According to the 24-hour chart, there is a support level at 28.06, which, if violated, would cause prices to drop to 27.77. In the upper region, resistance lies at 28.54. The next price resistance is at 28.73. RSI (Relative Strength Index) is 28.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 92.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
