The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Methode Electronics, Inc shares valued at $211,357 were purchased by DeGaynor Jonathan B on Mar 11 ’25. At $6.46 per share, DeGaynor Jonathan B acquired 32,733 shares. The insider’s holdings grew to 32,733 shares worth approximately $0.21 million following the completion of this transaction.
Also, LINDSEY MARY A purchased 8,800 shares, netting a total of over 100,108 in proceeds. Following the buying of shares at $11.38 each, the insider now holds 25,970 shares.
Before that, Blom David P had added 9,320 shares to its account. In a trade valued at $100,749, the Director bought Methode Electronics, Inc shares for $10.81 each. Upon closing the transaction, the insider’s holdings increased to 9,320 shares, worth approximately $0.24 million.
As published in a research note from Sidoti on February 25, 2025, Methode Electronics, Inc [MEI] has been rated up from a Neutral to a Buy. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of March 07, 2024, Sidoti has decreased its “Buy” rating to a “Neutral” for MEI. Earlier on November 22, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for MEI stock.
Analyzing MEI Stock Performance
During the last five days, there has been a drop of approximately -35.54%. Over the course of the year, Methode Electronics, Inc shares have dropped approximately -46.31%. Shares of the company reached a 52-week high of $13.31 on 01/22/25 and a 52-week low of $5.84 on 03/10/25. A 50-day SMA is recorded $10.83, while a 200-day SMA reached $10.91.
Support And Resistance Levels for Methode Electronics, Inc (MEI)
According to the 24-hour chart, there is a support level at 6.03, which, if violated, would cause prices to drop to 5.74. In the upper region, resistance lies at 6.88. The next price resistance is at 7.43. RSI (Relative Strength Index) is 23.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.79, which suggests the price will decrease in the coming days. Percent R is at 91.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
