Materion Corp’s filing revealed that its Vice President, Finance & CFO Chadwick Shelly Marie unloaded Company’s shares for reported $0.12 million on Nov 29 ’24. In the deal valued at $115.92 per share,1,000 shares were sold. As a result of this transaction, Chadwick Shelly Marie now holds 13,200 shares worth roughly $1.33 million.
Then, Chadwick Shelly Marie bought 1,000 shares, generating $115,923 in total proceeds.
Before that, Chemnitz Gregory R. sold 2,000 shares. Materion Corp shares valued at $235,134 were divested by the VP General Counsel & Secretary at a price of $117.57 per share. As a result of the transaction, Chemnitz Gregory R. now holds 12,031 shares, worth roughly $1.22 million.
Seaport Research Partners initiated its Materion Corp [MTRN] rating to a Buy in a research note published on July 05, 2023; the price target was $135. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering MTRN and has increased its forecast on April 24, 2020 with a “an Overweight” recommendation from previously “Sector weight” rating. Sidoti revised its rating on March 02, 2020. It rated MTRN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MTRN
On Friday, Materion Corp [NYSE:MTRN] saw its stock jump 1.56% to $101.08. Over the last five days, the stock has gained 7.65%. Materion Corp shares have risen nearly 2.22% since the year began. Nevertheless, the stocks have fallen -14.16% over the past one year. While a 52-week high of $145.08 was reached on 01/17/25, a 52-week low of $93.20 was recorded on 01/13/25. SMA at 50 days reached $108.21, while 200 days put it at $110.69.
Levels Of Support And Resistance For MTRN Stock
The 24-hour chart illustrates a support level at 100.33, which if violated will result in even more drops to 99.59. On the upside, there is a resistance level at 101.74. A further resistance level may holdings at 102.40. The Relative Strength Index (RSI) on the 14-day chart is 48.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.75%. Stochastics %K at 77.20% indicates the stock is a holding.
How much short interest is there in Materion Corp?
A steep rise in short interest was recorded in Materion Corp stocks on 2024-12-31, growing by 2503.0 shares to a total of 0.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.37 million shares. There was a rise of 0.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 03, 2016 when Wm Smith began covering the stock and recommended ‘”a Not rated”‘ rating along with a $35 price target.
