Methode Electronics, Inc’s recent filing unveils that its Director LINDSEY MARY A acquired Company’s shares for reported $0.1 million on Sep 23 ’24. In the deal valued at $11.38 per share,8,800 shares were bought. As a result of this transaction, LINDSEY MARY A now holds 25,970 shares worth roughly $0.16 million.
Then, Blom David P bought 9,320 shares, generating $100,749 in total proceeds. Upon buying the shares at $10.81, the Director now owns 37,531 shares.
Sidoti upgraded its Methode Electronics, Inc [MEI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. Sidoti also remained covering MEI and has decreased its forecast on March 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on November 22, 2022. It rated MEI as “a Buy”.
Price Performance Review of MEI
On Monday, Methode Electronics, Inc [NYSE:MEI] saw its stock fall -6.72% to $6.11. Over the last five days, the stock has lost -38.96%. Methode Electronics, Inc shares have fallen nearly -48.18% since the year began. Nevertheless, the stocks have fallen -70.96% over the past one year. While a 52-week high of $17.45 was reached on 01/22/25, a 52-week low of $6.26 was recorded on 03/10/25. SMA at 50 days reached $11.05, while 200 days put it at $10.97.
Levels Of Support And Resistance For MEI Stock
The 24-hour chart illustrates a support level at 5.84, which if violated will result in even more drops to 5.57. On the upside, there is a resistance level at 6.38. A further resistance level may holdings at 6.65. The Relative Strength Index (RSI) on the 14-day chart is 20.43, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.42%. Stochastics %K at 4.50% indicates the stock is a buying.
The most recent change occurred on January 20, 2022 when Barrington Research began covering the stock and recommended ‘”a Mkt perform”‘ rating .
