Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Matthews International Corp shares valued at $20,513 were purchased by Nauman J Michael on May 07 ’25. At $19.10 per share, Nauman J Michael acquired 1,074 shares. The insider’s holdings grew to 5,074 shares worth approximately $0.11 million following the completion of this transaction.
Also, Nauman J Michael purchased 7 shares, netting a total of over 135 in proceeds. Following the buying of shares at $19.22 each, the insider now holds 5,081 shares.
Before that, Nauman J Michael had added 4,000 shares to its account. In a trade valued at $98,360, the Director bought Matthews International Corp shares for $24.59 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $85160.0.
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
On last trading session,, Matthews International Corp [NASDAQ: MATW] rose 0.85% to $21.29. The stock’s lowest price that day was $20.995, but it reached a high of $21.74 in the same session. During the last five days, there has been a drop of approximately -6.09%. Over the course of the year, Matthews International Corp shares have dropped approximately -23.09%. 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.
Support And Resistance Levels for Matthews International Corp (MATW)
According to the 24-hour chart, there is a support level at 20.94, which, if violated, would cause prices to drop to 20.60. In the upper region, resistance lies at 21.69. The next price resistance is at 22.09. RSI (Relative Strength Index) is 46.85 on the 14-day chart, showing neutral technical sentiment.
Is Matthews International Corp subject to short interest?
Stocks of Matthews International Corp saw a sharp rise in short interest on 2025-05-30 jumping by 0.28 million shares to 1.61 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.33 million shares. A jump of 17.54% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.25.
