Modine Manufacturing Co’s recent filing unveils that its EVP, CFO Lucareli Michael B unloaded Company’s shares for reported $1.75 million on Feb 10 ’25. In the deal valued at $100.00 per share,17,541 shares were sold. As a result of this transaction, Lucareli Michael B now holds 132,531 shares worth roughly $ 12.28 million.
Then, Lucareli Michael B sold 27,500 shares, generating $2,819,380 in total proceeds. Upon selling the shares at $102.52, the EVP, CFO now owns 135,031 shares.
Before that, Lucareli Michael B sold 2,500 shares. Modine Manufacturing Co shares valued at $250,000 were divested by the EVP, CFO at a price of $100.00 per share. As a result of the transaction, Lucareli Michael B now holds 132,531 shares, worth roughly $12.28 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 Friday, Modine Manufacturing Co [NYSE:MOD] saw its stock fall -0.38% to $92.68. Over the last five days, the stock has lost -6.06%. Modine Manufacturing Co shares have fallen nearly -20.06% since the year began. Nevertheless, the stocks have risen 26.37% over the past one year. While a 52-week high of $146.84 was reached on 01/22/25, a 52-week low of $73.58 was recorded on 01/28/25. SMA at 50 days reached $118.43, while 200 days put it at $114.09.
Levels Of Support And Resistance For MOD Stock
The 24-hour chart illustrates a support level at 90.25, which if violated will result in even more drops to 87.83. On the upside, there is a resistance level at 94.89. A further resistance level may holdings at 97.10. The Relative Strength Index (RSI) on the 14-day chart is 34.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.83%. Stochastics %K at 14.70% 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 2025-01-31, growing by 0.37 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 3.2 million shares. There was a rise of 10.33%, 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.
