Matthews International Corp’s filing revealed that its Director Nauman J Michael acquired Company’s shares for reported $98360.0 on Feb 24 ’25. In the deal valued at $24.59 per share,4,000 shares were bought. As a result of this transaction, Nauman J Michael now holds 4,000 shares worth roughly $92600.0.
Sidoti initiated its Matthews International Corp [MATW] rating to a Buy in a research note published on August 31, 2021; the price target was $60. A number of analysts have revised their coverage, including Wellington Shields’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. B. Riley FBR also remained covering MATW and reiterated its “Buy” recommendation on November 19, 2018. Buckingham Research started covering the stock on October 02, 2018. It rated MATW as “a Buy”.
Price Performance Review of MATW
On Friday, Matthews International Corp [NASDAQ:MATW] saw its stock unchanged to $23.15. Over the last five days, the stock has gained 2.66%. Matthews International Corp shares have fallen nearly -16.37% since the year began. Nevertheless, the stocks have fallen -19.65% over the past one year. While a 52-week high of $32.24 was reached on 01/08/25, a 52-week low of $21.09 was recorded on 03/12/25. SMA at 50 days reached $26.28, while 200 days put it at $25.73.
Levels Of Support And Resistance For MATW Stock
The 24-hour chart illustrates a support level at 22.94, which if violated will result in even more drops to 22.73. On the upside, there is a resistance level at 23.35. A further resistance level may holdings at 23.55. The Relative Strength Index (RSI) on the 14-day chart is 40.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.16%. Stochastics %K at 34.77% indicates the stock is a holding.
How much short interest is there in Matthews International Corp?
A steep rise in short interest was recorded in Matthews International Corp stocks on 2025-02-28, growing by 0.19 million shares to a total of 0.95 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.76 million shares. There was a rise of 20.34%, which implies that there is a positive sentiment for the stock.
