Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MYR Group Inc shares valued at $99,866 were purchased by Favreau Bradley Thede on Mar 04 ’25. At $119.60 per share, Favreau Bradley Thede acquired 835 shares. The insider’s holdings grew to 13,542 shares worth approximately $1.55 million following the completion of this transaction.
Also, Huntington Kelly Michelle purchased 500 shares, netting a total of over 44,320 in proceeds. Following the buying of shares at $88.64 each, the insider now holds 3,030 shares.
Before that, Favreau Bradley Thede had added 1,005 shares to its account. In a trade valued at $100,198, the Director bought MYR Group Inc shares for $99.70 each. Upon closing the transaction, the insider’s holdings increased to 1,005 shares, worth approximately $1.46 million.
As published in their initiating research note from Piper Sandler on April 08, 2025, MYR Group Inc [MYRG] has been a Neutral and the price target has been revised to $124. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. As of February 26, 2024, Sidoti has decreased its “Buy” rating to a “Neutral” for MYRG. Earlier on January 10, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for MYRG stock.
Analyzing MYRG Stock Performance
During the last five days, there has been a surge of approximately 2.51%. Over the course of the year, MYR Group Inc shares have dropped approximately -22.90%. Shares of the company reached a 52-week high of $159.65 on 01/22/25 and a 52-week low of $97.72 on 04/04/25. A 50-day SMA is recorded $121.45, while a 200-day SMA reached $127.56.
Support And Resistance Levels for MYR Group Inc (MYRG)
According to the 24-hour chart, there is a support level at 111.22, which, if violated, would cause prices to drop to 107.74. In the upper region, resistance lies at 117.01. The next price resistance is at 119.32. RSI (Relative Strength Index) is 48.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.34, which suggests the price will increase in the coming days. Percent R is at 25.49%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
