MYR Group Inc’s filing revealed that its Director Favreau Bradley Thede acquired Company’s shares for reported $99866.0 on Mar 04 ’25. In the deal valued at $119.60 per share,835 shares were bought. As a result of this transaction, Favreau Bradley Thede now holds 13,542 shares worth roughly $1.68 million.
Then, Huntington Kelly Michelle bought 500 shares, generating $44,320 in total proceeds. Upon buying the shares at $88.64, the Senior VP and CFO now owns 3,030 shares.
Before that, Favreau Bradley Thede bought 1,005 shares. MYR Group Inc shares valued at $100,198 were divested by the Director at a price of $99.70 per share. As a result of the transaction, Favreau Bradley Thede now holds 12,707 shares, worth roughly $1.58 million.
KeyBanc Capital Markets upgraded its MYR Group Inc [MYRG] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. KeyBanc Capital Markets began covering MYRG with “Sector weight” recommendation on January 10, 2024. Goldman started covering the stock on December 15, 2023. It rated MYRG as “a Buy”.
Price Performance Review of MYRG
On Tuesday, MYR Group Inc [NASDAQ:MYRG] saw its stock jump 3.19% to $124.34. Over the last five days, the stock has gained 9.20%. MYR Group Inc shares have fallen nearly -16.42% since the year began. Nevertheless, the stocks have fallen -18.93% over the past one year. While a 52-week high of $181.02 was reached on 01/22/25, a 52-week low of $86.60 was recorded on 03/11/25. SMA at 50 days reached $134.60, while 200 days put it at $130.64.
Levels Of Support And Resistance For MYRG Stock
The 24-hour chart illustrates a support level at 119.09, which if violated will result in even more drops to 113.84. On the upside, there is a resistance level at 127.96. A further resistance level may holdings at 131.59. The Relative Strength Index (RSI) on the 14-day chart is 50.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.01%. Stochastics %K at 68.07% indicates the stock is a holding.
How much short interest is there in MYR Group Inc?
A steep rise in short interest was recorded in MYR Group Inc stocks on 2025-02-28, growing by 0.24 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.78 million shares. There was a rise of 23.5%, which implies that there is a positive sentiment for the stock.
