Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mativ Holdings Inc shares valued at $31,125 were purchased by COOK WILLIAM M on Nov 15 ’24. At $12.45 per share, COOK WILLIAM M acquired 2,500 shares. The insider’s holdings grew to 21,436 shares worth approximately $0.15 million following the completion of this transaction.
Also, Schertell Julie sold 12,000 shares, netting a total of over 213,720 in proceeds. Following the sale of shares at $17.81 each, the insider now holds 283,981 shares.
Before that, JULIE A SCHERTELL had added 12,000 shares to its account. In a trade valued at $213,688, the Officer bought Mativ Holdings Inc shares for $17.81 each.
As published in their initiating research note from Stifel on November 21, 2024, Mativ Holdings Inc [MATV] has been a Hold and the price target has been revised to $15.50. Analysts at CJS Securities started covering the stock with ‘”a Market outperform”‘ outlook in a report released in mid December.
Analyzing MATV Stock Performance
During the last five days, there has been a drop of approximately -23.21%. Over the course of the year, Mativ Holdings Inc shares have dropped approximately -35.96%. Shares of the company reached a 52-week high of $12.11 on 01/06/25 and a 52-week low of $6.25 on 02/21/25. A 50-day SMA is recorded $9.81, while a 200-day SMA reached $14.87. Nevertheless, trading volume fell to 0.76 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Mativ Holdings Inc (MATV)
According to the 24-hour chart, there is a support level at 6.73, which, if violated, would cause prices to drop to 6.48. In the upper region, resistance lies at 7.19. The next price resistance is at 7.40. RSI (Relative Strength Index) is 23.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 77.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
