Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marten Transport, Ltd shares valued at $158,051 were purchased by BAUER JERRY M on Oct 30 ’24. At $15.81 per share, BAUER JERRY M acquired 10,000 shares. The insider’s holdings grew to 156,444 shares worth approximately $2.01 million following the completion of this transaction.
Also, Phillips Adam Daniel sold 4,500 shares, netting a total of over 82,535 in proceeds. Following the sale of shares at $18.34 each, the insider now holds 7,448 shares.
Before that, Petit Douglas Paul had sold 4,500 shares from its account. In a trade valued at $81,999, the President traded Marten Transport, Ltd shares for $18.22 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $0.41 million.
As published in a research note from Raymond James on October 14, 2024, Marten Transport, Ltd [MRTN] has been rated down from an Outperform to a Mkt perform. Analysts at Vertical Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early July. Earlier on January 10, 2024, Vertical Research upgraded its rating. Their new recommendation was “a Buy” for MRTN stock which previously was a “a Hold”.
Analyzing MRTN Stock Performance
During the last five days, there has been a drop of approximately -4.68%. Over the course of the year, Marten Transport, Ltd shares have dropped approximately -17.81%. Shares of the company reached a 52-week high of $16.95 on 01/28/25 and a 52-week low of $12.52 on 04/09/25. A 50-day SMA is recorded $14.12, while a 200-day SMA reached $16.21.
Support And Resistance Levels for Marten Transport, Ltd (MRTN)
According to the 24-hour chart, there is a support level at 12.47, which, if violated, would cause prices to drop to 12.10. In the upper region, resistance lies at 13.35. The next price resistance is at 13.86. RSI (Relative Strength Index) is 35.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 78.25%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
