Methode Electronics, Inc’s filing revealed that its SVP Global Automotive Business Ullrich Lars acquired Company’s shares for reported $0.1 million on Mar 14 ’25. In the deal valued at $6.69 per share,15,150 shares were bought. As a result of this transaction, Ullrich Lars now holds 15,150 shares worth roughly $96808.5.
Then, DeGaynor Jonathan B bought 32,733 shares, generating $211,357 in total proceeds. Upon buying the shares at $6.46, the CEO and President now owns 32,733 shares.
Before that, LINDSEY MARY A bought 8,800 shares. Methode Electronics, Inc shares valued at $100,108 were divested by the Director at a price of $11.38 per share. As a result of the transaction, LINDSEY MARY A now holds 25,970 shares, worth roughly $0.17 million.
Sidoti upgraded its Methode Electronics, Inc [MEI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. Sidoti also remained covering MEI and has decreased its forecast on March 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on November 22, 2022. It rated MEI as “a Buy”.
Price Performance Review of MEI
On Tuesday, Methode Electronics, Inc [NYSE:MEI] saw its stock fall -0.31% to $6.39. Over the last five days, the stock has gained 9.42%. Methode Electronics, Inc shares have fallen nearly -45.80% since the year began. Nevertheless, the stocks have fallen -47.32% over the past one year. While a 52-week high of $17.45 was reached on 01/22/25, a 52-week low of $5.08 was recorded on 04/04/25. SMA at 50 days reached $7.28, while 200 days put it at $10.20.
Levels Of Support And Resistance For MEI Stock
The 24-hour chart illustrates a support level at 6.24, which if violated will result in even more drops to 6.09. On the upside, there is a resistance level at 6.48. A further resistance level may holdings at 6.58. The Relative Strength Index (RSI) on the 14-day chart is 50.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.66%. Stochastics %K at 94.75% indicates the stock is a selling.
How much short interest is there in Methode Electronics, Inc?
A steep rise in short interest was recorded in Methode Electronics, Inc stocks on 2025-04-15, dropping by -0.49 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 1.94 million shares. There was a decline of -34.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 20, 2022 when Barrington Research began covering the stock and recommended ‘”a Mkt perform”‘ rating .
