Modine Manufacturing Co’s recent filing unveils that its President, Climate Solutions McGinnis Eric S unloaded Company’s shares for reported $5.6 million on Nov 08 ’24. In the deal valued at $127.25 per share,44,000 shares were sold. As a result of this transaction, McGinnis Eric S now holds 36,551 shares worth roughly $3.53 million.
Then, McGinnis Eric S bought 44,000 shares, generating $5,604,280 in total proceeds.
Before that, WILLIAMS MARSHA C sold 34,400 shares. Modine Manufacturing Co shares valued at $3,775,072 were divested by the Director at a price of $109.74 per share. As a result of the transaction, WILLIAMS MARSHA C now holds 144,038 shares, worth roughly $13.9 million.
B. Riley Securities reiterated its Modine Manufacturing Co [MOD] rating to a Buy in a research note published on August 01, 2024; the price target was $140. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Oppenheimer began covering MOD with “an Outperform” recommendation on March 19, 2024.
Price Performance Review of MOD
On Monday, Modine Manufacturing Co [NYSE:MOD] saw its stock fall -4.91% to $96.47. Over the last five days, the stock has lost -1.05%. Modine Manufacturing Co shares have fallen nearly -16.79% since the year began. Nevertheless, the stocks have risen 39.63% over the past one year. While a 52-week high of $146.84 was reached on 01/22/25, a 52-week low of $67.77 was recorded on 01/28/25. SMA at 50 days reached $125.57, while 200 days put it at $113.72.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 95.03, which if violated will result in even more drops to 93.58. On the upside, there is a resistance level at 98.03. A further resistance level may holdings at 99.58. The Relative Strength Index (RSI) on the 14-day chart is 32.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.73%. Stochastics %K at 18.76% indicates the stock is a buying.
How much short interest is there in Modine Manufacturing Co?
A steep rise in short interest was recorded in Modine Manufacturing Co stocks on 2025-01-15, growing by 0.19 million shares to a total of 3.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.28 million shares. There was a rise of 5.54%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
