MGIC Investment Corp’s recent filing unveils that its VP-Chief Accounting Officer Sperber Julie K. unloaded Company’s shares for reported $0.11 million on Feb 21 ’25. In the deal valued at $24.55 per share,4,600 shares were sold. As a result of this transaction, Sperber Julie K. now holds 75,070 shares worth roughly $1.81 million.
Then, CULVER CURT S bought 150,000 shares, generating $3,676,500 in total proceeds.
Compass Point downgraded its MGIC Investment Corp [MTG] rating to a Neutral from a a Buy in a research note published on February 05, 2025; the price target was increased to $27 from $24. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering MTG and has decreased its forecast on December 09, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on June 03, 2024. It rated MTG as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of MTG
On Tuesday, MGIC Investment Corp [NYSE:MTG] saw its stock jump 0.88% to $24.09. Over the last five days, the stock has lost -2.67%. MGIC Investment Corp shares have risen nearly 1.60% since the year began. Nevertheless, the stocks have risen 26.26% over the past one year. While a 52-week high of $26.56 was reached on 02/04/25, a 52-week low of $19.15 was recorded on 01/13/25. SMA at 50 days reached $24.38, while 200 days put it at $23.89.
Levels Of Support And Resistance For MTG Stock
The 24-hour chart illustrates a support level at 23.83, which if violated will result in even more drops to 23.57. On the upside, there is a resistance level at 24.33. A further resistance level may holdings at 24.56. The Relative Strength Index (RSI) on the 14-day chart is 42.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 5.24% indicates the stock is a buying.
