Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Shelly Brown sold 16,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $42.12, for a total value of $673,920.00. Following the completion of the sale, the executive vice president owned 325,047 shares in the company, valued at $13,690,979.64. This represents a 4.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shelly Brown also recently made the following trade(s):
- On Monday, May 4th, Shelly Brown sold 16,000 shares of Miami International stock. The shares were sold at an average price of $47.28, for a total value of $756,480.00.
- On Wednesday, April 8th, Shelly Brown sold 16,434 shares of Miami International stock. The shares were sold at an average price of $42.08, for a total value of $691,542.72.
- On Tuesday, April 7th, Shelly Brown sold 900 shares of Miami International stock. The shares were sold at an average price of $42.00, for a total value of $37,800.00.
- On Monday, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The shares were sold at an average price of $41.33, for a total value of $97,414.81.
- On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The shares were sold at an average price of $39.33, for a total value of $1,019,905.56.
Miami International Price Performance
Shares of MIAX stock traded down $0.60 on Thursday, hitting $39.73. The stock had a trading volume of 1,614,484 shares, compared to its average volume of 1,325,189. The firm has a market capitalization of $3.77 billion and a P/E ratio of 41.38. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The company’s 50 day moving average price is $45.98 and its 200-day moving average price is $43.97.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Morgan Stanley upped their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, JPMorgan Chase & Co. upped their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.20.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of Miami International during the 4th quarter worth about $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the 3rd quarter worth about $29,000. Comerica Bank boosted its position in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Miami International during the 1st quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Miami International during the 4th quarter worth about $66,000.
About Miami International
Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.
Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.
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