Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mirion Technologies Inc. shares valued at $1,000,010 were sold by Schopfer Brian on Mar 20 ’24. At $11.00 per share, Schopfer Brian sold 90,910 shares. The insider’s holdings dropped to 211,167 shares worth approximately $2.31 million following the completion of this transaction.
Also, Moore Christopher A. sold 3,430 shares, netting a total of over 27,166 in proceeds. Following the sale of shares at $7.92 each, the insider now holds 32,206 shares.
Analysts at CJS Securities started covering the stock with ‘”a Market outperform”‘ outlook in a report released in late March. As of November 29, 2021, Goldman has initiated its “Buy” rating for MIR. Earlier on October 25, 2021, Citigroup initiated its rating. Their recommendation was “a Buy” for MIR stock.
Analyzing MIR Stock Performance
During the last five days, there has been a drop of approximately -3.86%. Over the course of the year, Mirion Technologies Inc. shares have jumped approximately 6.83%. Shares of the company reached a 52-week high of $11.49 on 03/28/24 and a 52-week low of $9.24 on 01/24/24. A 50-day SMA is recorded $10.16, while a 200-day SMA reached $8.78. Nevertheless, trading volume fell to 1.15 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Mirion Technologies Inc. (MIR)
According to the 24-hour chart, there is a support level at 10.83, which, if violated, would cause prices to drop to 10.72. In the upper region, resistance lies at 11.16. The next price resistance is at 11.38. RSI (Relative Strength Index) is 59.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 35.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Mirion Technologies Inc. subject to short interest?
Stocks of Mirion Technologies Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.38 million shares to 5.88 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.26 million shares. A decline of -6.46% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.05 of the overall float, the days-to-cover ratio (short ratio) decline to 4.05.
