Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mayville Engineering Company Inc shares valued at $5,225 were purchased by Reddy Jagadeesh A on Mar 12 ’25. At $13.75 per share, Reddy Jagadeesh A acquired 380 shares. The insider’s holdings grew to 380 shares worth approximately $4655.0 following the completion of this transaction.
Also, Leuba Sean P purchased 1,000 shares, netting a total of over 14,179 in proceeds. Following the buying of shares at $14.18 each, the insider now holds 2,000 shares.
Before that, Butz Todd M had added 1,272 shares to its account. In a trade valued at $20,079, the Chief Financial Officer bought Mayville Engineering Company Inc shares for $15.79 each. Upon closing the transaction, the insider’s holdings increased to 1,272 shares, worth approximately $0.5 million.
As published in a research note from Northland Capital on November 07, 2024, Mayville Engineering Company Inc [MEC] has been rated down from an Outperform to a Market perform and the price target has been revised to $20 from $30. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of May 17, 2023, Northland Capital has initiated its “an Outperform” rating for MEC. Earlier on November 03, 2022, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for MEC stock which previously was a “a Neutral”.
Analyzing MEC Stock Performance
During the last five days, there has been a drop of approximately -2.70%. Over the course of the year, Mayville Engineering Company Inc shares have dropped approximately -22.07%. Shares of the company reached a 52-week high of $16.54 on 01/27/25 and a 52-week low of $12.01 on 04/08/25. A 50-day SMA is recorded $14.17, while a 200-day SMA reached $17.10.
Support And Resistance Levels for Mayville Engineering Company Inc (MEC)
According to the 24-hour chart, there is a support level at 12.16, which, if violated, would cause prices to drop to 12.08. In the upper region, resistance lies at 12.40. The next price resistance is at 12.56. RSI (Relative Strength Index) is 34.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 86.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
