Martin Midstream Partners LP’s recent filing unveils that its 10% Owner Martin Product Sales LLC acquired Company’s shares for reported $86273.0 on Mar 10 ’25. In the deal valued at $3.60 per share,23,944 shares were bought. As a result of this transaction, Martin Product Sales LLC now holds 1,259,247 shares worth roughly $4.68 million.
Then, Martin Product Sales LLC bought 11,789 shares, generating $42,781 in total proceeds. Upon buying the shares at $3.63, the 10% Owner now owns 1,271,036 shares.
Before that, Martin Product Sales LLC bought 7,604 shares. Martin Midstream Partners LP shares valued at $27,583 were divested by the 10% Owner at a price of $3.63 per share. As a result of the transaction, Martin Product Sales LLC now holds 1,235,303 shares, worth roughly $4.6 million.
Wells Fargo downgraded its Martin Midstream Partners LP [MMLP] rating to an Underweight from a an Equal weight in a research note published recently. Stifel also remained covering MMLP and has decreased its forecast on April 28, 2017 with a “Hold” recommendation from previously “Buy” rating. Stifel maintained its rating on March 28, 2017. It rated MMLP as “a Buy”.
Price Performance Review of MMLP
On Tuesday, Martin Midstream Partners LP [NASDAQ:MMLP] saw its stock jump 2.48% to $3.72. Over the last five days, the stock has gained 1.92%. Martin Midstream Partners LP shares have risen nearly 3.62% since the year began. Nevertheless, the stocks have risen 40.38% over the past one year. While a 52-week high of $4.13 was reached on 03/03/25, a 52-week low of $2.36 was recorded on 01/07/25. SMA at 50 days reached $3.58, while 200 days put it at $3.66.
Levels Of Support And Resistance For MMLP Stock
The 24-hour chart illustrates a support level at 3.63, which if violated will result in even more drops to 3.55. On the upside, there is a resistance level at 3.78. A further resistance level may holdings at 3.84. The Relative Strength Index (RSI) on the 14-day chart is 56.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 42.44% indicates the stock is a holding.
