Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mid Penn Bancorp, Inc shares valued at $490 were purchased by Abel Robert A on Dec 31 ’24. At $28.84 per share, Abel Robert A acquired 17 shares. The insider’s holdings grew to 6,384 shares worth approximately $0.18 million following the completion of this transaction.
Also, Evans Albert J. purchased 347 shares, netting a total of over 10,007 in proceeds. Following the buying of shares at $28.84 each, the insider now holds 35,084 shares.
Before that, Frank Joel L. had added 87 shares to its account. In a trade valued at $2,509, the Director bought Mid Penn Bancorp, Inc shares for $28.84 each. Upon closing the transaction, the insider’s holdings increased to 87 shares, worth approximately $0.22 million.
As published in a research note from Piper Sandler on May 05, 2021, Mid Penn Bancorp, Inc [MPB] has been rated up from a Neutral to an Overweight and the price target has been revised to $30 from $27. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early May. As of February 28, 2020, Piper Sandler has initiated its “Neutral” rating for MPB. Earlier on April 17, 2019, DA Davidson initiated its rating. Their recommendation was “a Neutral” for MPB stock.
Analyzing MPB Stock Performance
During the last five days, there has been a drop of approximately -2.43%. Over the course of the year, Mid Penn Bancorp, Inc shares have dropped approximately -2.43%. Shares of the company reached a 52-week high of $29.15 on 01/02/25 and a 52-week low of $27.68 on 01/08/25. A 50-day SMA is recorded $30.93, while a 200-day SMA reached $26.28. Nevertheless, trading volume fell to 52657.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Mid Penn Bancorp, Inc (MPB)
According to the 24-hour chart, there is a support level at 27.79, which, if violated, would cause prices to drop to 27.45. In the upper region, resistance lies at 28.37. The next price resistance is at 28.60. RSI (Relative Strength Index) is 31.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 87.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
