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Potential Price Increase for Metallus Inc (MTUS) After Recent Insider Activity

In a filing, Metallus Inc revealed its EVP, Chief Commercial Officer Raketich Kevin A unloaded Company’s shares for reported $16660.0 on Aug 14 ’24. In the deal valued at $16.66 per share,1,000 shares were sold. As a result of this transaction, Raketich Kevin A now holds 77,551 shares worth roughly $1.05 million.

Then, Raketich Kevin A bought 1,000 shares, generating $16,660 in total proceeds.

Before that, WESTBROOKS KRISTOPHER R sold 16,247 shares. Metallus Inc shares valued at $374,111 were divested by the EVP, Chief Financial Officer at a price of $23.03 per share. As a result of the transaction, WESTBROOKS KRISTOPHER R now holds 169,642 shares, worth roughly $2.29 million.

KeyBanc Capital Markets downgraded its Metallus Inc [MTUS] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late February from “a Sector weight” to “an Overweight”. Exane BNP Paribas also remained covering MTUS and has increased its forecast on August 10, 2020 with a “Neutral” recommendation from previously “an Underperform” rating. Cowen maintained its rating on August 10, 2020. It rated MTUS as “a Market perform”.

Price Performance Review of MTUS

On Tuesday, Metallus Inc [NYSE:MTUS] saw its stock jump 5.38% to $13.52. Over the last five days, the stock has gained 3.84%. Metallus Inc shares have fallen nearly -4.32% since the year began. Nevertheless, the stocks have fallen -34.46% over the past one year. While a 52-week high of $24.31 was reached on 02/21/25, a 52-week low of $10.78 was recorded on 04/07/25. SMA at 50 days reached $13.14, while 200 days put it at $14.96.

Levels Of Support And Resistance For MTUS Stock

The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.31. On the upside, there is a resistance level at 13.88. A further resistance level may holdings at 14.24. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.55%. Stochastics %K at 59.86% indicates the stock is a holding.

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