Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Materion Corp shares valued at $115,923 were sold by Chadwick Shelly Marie on Nov 29 ’24. At $115.92 per share, Chadwick Shelly Marie sold 1,000 shares. The insider’s holdings dropped to 13,200 shares worth approximately $1.28 million following the completion of this transaction.
Also, Chadwick Shelly Marie purchased 1,000 shares, netting a total of over 115,923 in proceeds.
Before that, Chemnitz Gregory R. had sold 2,000 shares from its account. In a trade valued at $235,134, the VP General Counsel & Secretary traded Materion Corp shares for $117.57 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.17 million.
As published in their initiating research note from Seaport Research Partners on July 05, 2023, Materion Corp [MTRN] has been a Buy and the price target has been revised to $135. Analysts at CL King started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of April 24, 2020, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for MTRN. Earlier on March 02, 2020, Sidoti upgraded its rating. Their new recommendation was “a Buy” for MTRN stock which previously was a “a Neutral”.
Analyzing MTRN Stock Performance
During the last five days, there has been a drop of approximately -1.77%. Over the course of the year, Materion Corp shares have dropped approximately -1.77%. Shares of the company reached a 52-week high of $99.30 on 01/02/25 and a 52-week low of $95.01 on 01/03/25. A 50-day SMA is recorded $108.98, while a 200-day SMA reached $111.67. Nevertheless, trading volume fell to 78982.0 shares from 90900.0 shares the previous day.
Support And Resistance Levels for Materion Corp (MTRN)
According to the 24-hour chart, there is a support level at 95.31, which, if violated, would cause prices to drop to 93.50. In the upper region, resistance lies at 98.68. The next price resistance is at 100.24. RSI (Relative Strength Index) is 33.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.00, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
