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 $0.1 million.
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 Monday, Methode Electronics, Inc [NYSE:MEI] saw its stock fall -3.03% to $6.72. Over the last five days, the stock has lost -33.27%. Methode Electronics, Inc shares have fallen nearly -28.81% since the year began. Nevertheless, the stocks have fallen -43.00% 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.
Levels Of Support And Resistance For MEI Stock
The 24-hour chart illustrates a support level at 6.51, which if violated will result in even more drops to 6.31. On the upside, there is a resistance level at 6.98. A further resistance level may holdings at 7.25.
How much short interest is there in Methode Electronics, Inc?
A steep rise in short interest was recorded in Methode Electronics, Inc stocks on 2025-06-13, dropping by -0.33 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 1.42 million shares. There was a decline of -30.44%, 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 .
