Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Matthews International Corp shares valued at $98,360 were purchased by Nauman J Michael on Feb 24 ’25. At $24.59 per share, Nauman J Michael acquired 4,000 shares. The insider’s holdings grew to 4,000 shares worth approximately $78040.0 following the completion of this transaction.
As published in their initiating research note from Sidoti on August 31, 2021, Matthews International Corp [MATW] has been a Buy and the price target has been revised to $60. Analysts at Wellington Shields downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of November 19, 2018, B. Riley FBR has reiterated its “Buy” rating for MATW. Earlier on October 02, 2018, Buckingham Research initiated its rating. Their recommendation was “a Buy” for MATW stock.
Analyzing MATW Stock Performance
During the last five days, there has been a drop of approximately -3.99%. Over the course of the year, Matthews International Corp shares have dropped approximately -29.52%. Shares of the company reached a 52-week high of $32.00 on 01/08/25 and a 52-week low of $18.50 on 04/07/25. A 50-day SMA is recorded $23.17, while a 200-day SMA reached $25.28.
Support And Resistance Levels for Matthews International Corp (MATW)
According to the 24-hour chart, there is a support level at 19.26, which, if violated, would cause prices to drop to 19.00. In the upper region, resistance lies at 19.93. The next price resistance is at 20.35. RSI (Relative Strength Index) is 34.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 75.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
