In a filing, MagnaChip Semiconductor Corp revealed its insider Park Shin Young acquired Company’s shares for reported $50040.0 on Mar 12 ’24. In the deal valued at $5.56 per share,9,000 shares were bought. As a result of this transaction, Park Shin Young now holds 77,363 shares worth roughly $0.41 million.
Then, Kim Theodore S bought 2,000 shares, generating $11,100 in total proceeds. Upon buying the shares at $5.55, the insider now owns 239,116 shares.
Before that, Kim Theodore S bought 5,000 shares. MagnaChip Semiconductor Corp shares valued at $28,000 were divested by the insider at a price of $5.60 per share. As a result of the transaction, Kim Theodore S now holds 237,116 shares, worth roughly $1.27 million.
A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Oppenheimer began covering MX with “an Outperform” recommendation on January 08, 2021. Citigroup maintained its rating on August 07, 2017. It rated MX as “a Neutral”.
Price Performance Review of MX
On Tuesday, MagnaChip Semiconductor Corp [NYSE:MX] saw its stock jump 0.37% to $5.36. Over the last five days, the stock has lost -2.37%. MagnaChip Semiconductor Corp shares have fallen nearly -28.53% since the year began. Nevertheless, the stocks have fallen -40.97% over the past one year. While a 52-week high of $11.68 was reached on 01/02/24, a 52-week low of $5.18 was recorded on 03/05/24. SMA at 50 days reached $6.00, while 200 days put it at $7.53. A total of 0.22 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For MX Stock
The 24-hour chart illustrates a support level at 5.31, which if violated will result in even more drops to 5.25. On the upside, there is a resistance level at 5.41. A further resistance level may holdings at 5.45. The Relative Strength Index (RSI) on the 14-day chart is 37.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.15%. Stochastics %K at 22.14% indicates the stock is a holding.
How much short interest is there in MagnaChip Semiconductor Corp?
A steep rise in short interest was recorded in MagnaChip Semiconductor Corp stocks on Mar 15, 2024, growing by 33600.0 shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.7 million shares. There was a rise of 4.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.01.
The most recent change occurred on May 10, 2017 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating .
