Methode Electronics, Inc’s filing revealed that its CEO and President DeGaynor Jonathan B acquired Company’s shares for reported $0.21 million on Mar 11 ’25. In the deal valued at $6.46 per share,32,733 shares were bought. As a result of this transaction, DeGaynor Jonathan B now holds 32,733 shares worth roughly $0.21 million.
Then, LINDSEY MARY A bought 8,800 shares, generating $100,108 in total proceeds. Upon buying the shares at $11.38, the Director now owns 25,970 shares.
Before that, Blom David P bought 9,320 shares. Methode Electronics, Inc shares valued at $100,749 were divested by the Director at a price of $10.81 per share. As a result of the transaction, Blom David P now holds 37,531 shares, worth roughly $0.24 million.
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 Friday, Methode Electronics, Inc [NYSE:MEI] saw its stock jump 5.37% to $6.47. Over the last five days, the stock has lost -1.22%. Methode Electronics, Inc shares have fallen nearly -45.12% since the year began. Nevertheless, the stocks have fallen -51.21% over the past one year. While a 52-week high of $17.45 was reached on 01/22/25, a 52-week low of $5.84 was recorded on 03/10/25. SMA at 50 days reached $10.60, while 200 days put it at $10.86.
Levels Of Support And Resistance For MEI Stock
The 24-hour chart illustrates a support level at 6.24, which if violated will result in even more drops to 6.01. On the upside, there is a resistance level at 6.73. A further resistance level may holdings at 6.99. The Relative Strength Index (RSI) on the 14-day chart is 27.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.32%. Stochastics %K at 8.02% indicates the stock is a buying.
How much short interest is there in Methode Electronics, Inc?
A steep rise in short interest was recorded in Methode Electronics, Inc stocks on 2025-02-28, growing by 0.16 million shares to a total of 1.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.65 million shares. There was a rise of 9.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 20, 2022 when Barrington Research began covering the stock and recommended ‘”a Mkt perform”‘ rating .
