Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Modine Manufacturing Co shares valued at $1,754,100 were sold by Lucareli Michael B on Feb 10 ’25. At $100.00 per share, Lucareli Michael B sold 17,541 shares. The insider’s holdings dropped to 132,531 shares worth approximately $12.33 million following the completion of this transaction.
Also, Lucareli Michael B sold 27,500 shares, netting a total of over 2,819,380 in proceeds. Following the sale of shares at $102.52 each, the insider now holds 135,031 shares.
Before that, Lucareli Michael B had sold 2,500 shares from its account. In a trade valued at $250,000, the EVP, CFO traded Modine Manufacturing Co shares for $100.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $12.33 million.
As published in a research note from B. Riley Securities on August 01, 2024, Modine Manufacturing Co [MOD] has been retained to a Buy and the price target has been revised to $140. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of March 19, 2024, Oppenheimer has initiated its “an Outperform” rating for MOD.
Analyzing MOD Stock Performance
During the last five days, there has been a drop of approximately -4.77%. Over the course of the year, Modine Manufacturing Co shares have dropped approximately -19.75%. Shares of the company reached a 52-week high of $145.94 on 01/22/25 and a 52-week low of $89.55 on 01/28/25. A 50-day SMA is recorded $119.33, while a 200-day SMA reached $114.10. Nevertheless, trading volume fell to 1.39 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Modine Manufacturing Co (MOD)
According to the 24-hour chart, there is a support level at 90.85, which, if violated, would cause prices to drop to 88.67. In the upper region, resistance lies at 96.70. The next price resistance is at 100.36. RSI (Relative Strength Index) is 34.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.52, which suggests the price will decrease in the coming days. Percent R is at 89.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
