Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. M & T Bank Corp shares valued at $299,528 were purchased by KAY CHRISTOPHER E on Mar 12 ’25. At $172.34 per share, KAY CHRISTOPHER E acquired 1,738 shares.
Also, GEISEL GARY N sold 2,490 shares, netting a total of over 537,566 in proceeds. Following the sale of shares at $215.89 each, the insider now holds 0 shares.
Before that, GEISEL GARY N had added 2,490 shares to its account. In a trade valued at $532,860, the Director bought M & T Bank Corp shares for $214.00 each.
As published in a research note from JP Morgan on December 04, 2024, M & T Bank Corp [MTB] has been rated down from an Overweight to a Neutral and the price target has been revised to $223.50 from $215. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of October 04, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for MTB. Earlier on October 02, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for MTB stock which previously was a “an In-line”.
Analyzing MTB Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, M & T Bank Corp shares have dropped approximately -8.48%. Shares of the company reached a 52-week high of $203.32 on 01/30/25 and a 52-week low of $168.87 on 03/12/25. A 50-day SMA is recorded $192.72, while a 200-day SMA reached $180.38.
Support And Resistance Levels for M & T Bank Corp (MTB)
According to the 24-hour chart, there is a support level at 169.39, which, if violated, would cause prices to drop to 166.72. In the upper region, resistance lies at 174.22. The next price resistance is at 176.38. RSI (Relative Strength Index) is 24.92 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.17, which suggests the price will decrease in the coming days. Percent R is at 89.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
