In a filing, Motorola Solutions Inc revealed its SVP, Communications & Brand YAZDI CYNTHIA unloaded Company’s shares for reported $1.59 million on Mar 01 ’24. In the deal valued at $334.30 per share,4,744 shares were sold. As a result of this transaction, YAZDI CYNTHIA now holds 8,858 shares worth roughly $3.13 million.
Then, YAZDI CYNTHIA sold 10,000 shares, generating $3,311,746 in total proceeds. Upon selling the shares at $331.17, the SVP, Communications & Brand now owns 8,858 shares.
Before that, MOLLOY JOHN P sold 31,602 shares. Motorola Solutions Inc shares valued at $9,994,691 were divested by the EVP and COO at a price of $316.27 per share. As a result of the transaction, MOLLOY JOHN P now holds 34,906 shares, worth roughly $12.32 million.
Evercore ISI initiated its Motorola Solutions Inc [MSI] rating to an Outperform in a research note published on March 25, 2024; the price target was $400. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BofA Securities began covering MSI with “Buy” recommendation on October 09, 2023.
Price Performance Review of MSI
On Tuesday, Motorola Solutions Inc [NYSE:MSI] saw its stock jump 0.26% to $352.96. Over the last five days, the stock has gained 0.25%. Motorola Solutions Inc shares have risen nearly 12.73% since the year began. Nevertheless, the stocks have risen 24.52% over the past one year. While a 52-week high of $355.39 was reached on 03/28/24, a 52-week low of $269.64 was recorded on 01/05/24. SMA at 50 days reached $336.19, while 200 days put it at $306.31. A total of 0.4 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For MSI Stock
The 24-hour chart illustrates a support level at 349.64, which if violated will result in even more drops to 346.32. On the upside, there is a resistance level at 354.72. A further resistance level may holdings at 356.47. The Relative Strength Index (RSI) on the 14-day chart is 63.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.17%. Stochastics %K at 78.21% indicates the stock is a holding.
How much short interest is there in Motorola Solutions Inc?
A steep rise in short interest was recorded in Motorola Solutions Inc stocks on Mar 28, 2024, growing by 0.41 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.22 million shares. There was a rise of 25.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.54.
