Standard Motor Products, Inc’s filing revealed that its CIO & VP IT Nicholas Ray unloaded Company’s shares for reported $0.16 million on Dec 09 ’24. In the deal valued at $34.11 per share,4,730 shares were sold. As a result of this transaction, Nicholas Ray now holds 46,385 shares worth roughly $1.45 million.
Then, Nicholas Ray bought 4,730 shares, generating $161,362 in total proceeds.
Before that, Nicholas Ray sold 613 shares. Standard Motor Products, Inc shares valued at $21,467 were divested by the CIO & VP IT at a price of $35.02 per share. As a result of the transaction, Nicholas Ray now holds 51,115 shares, worth roughly $1.6 million.
MKM Partners initiated its Standard Motor Products, Inc [SMP] rating to a Buy in a research note published on June 10, 2022; the price target was $62. A number of analysts have revised their coverage, including CL King’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Buy”. Stephens began covering SMP with “an Overweight” recommendation on December 20, 2019. CL King revised its rating on July 09, 2018. It rated SMP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SMP
On Friday, Standard Motor Products, Inc [NYSE:SMP] saw its stock fall -0.67% to $31.21. Over the last five days, the stock has gained 4.98%. Standard Motor Products, Inc shares have risen nearly 0.74% since the year began. Nevertheless, the stocks have fallen -19.87% over the past one year. While a 52-week high of $41.71 was reached on 01/17/25, a 52-week low of $26.09 was recorded on 01/10/25. SMA at 50 days reached $32.44, while 200 days put it at $31.44.
Levels Of Support And Resistance For SMP Stock
The 24-hour chart illustrates a support level at 30.91, which if violated will result in even more drops to 30.61. On the upside, there is a resistance level at 31.63. A further resistance level may holdings at 32.06. The Relative Strength Index (RSI) on the 14-day chart is 48.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.00%. Stochastics %K at 73.40% indicates the stock is a holding.
How much short interest is there in Standard Motor Products, Inc?
A steep rise in short interest was recorded in Standard Motor Products, Inc stocks on 2024-12-31, growing by 47256.0 shares to a total of 0.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.46 million shares. There was a rise of 9.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 17, 2017 when FBR & Co. resumed its ‘”a Mkt perform”‘ rating for the stock and retained the price target to $48.
