The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MKS Instruments, Inc. shares valued at $33,250 were sold by Mora Elizabeth on Apr 01 ’24. At $133.00 per share, Mora Elizabeth sold 250 shares. The insider’s holdings dropped to 16,862 shares worth approximately $2.15 million following the completion of this transaction.
Also, Burke Kathleen Flaherty sold 7,411 shares, netting a total of over 910,738 in proceeds. Following the sale of shares at $122.89 each, the insider now holds 42,999 shares.
Before that, Moloney Jacqueline F had sold 250 shares from its account. In a trade valued at $30,722, the Director traded MKS Instruments, Inc. shares for $122.89 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $1.17 million.
As published in a research note from The Benchmark Company on March 01, 2023, MKS Instruments, Inc. [MKSI] has been rated up from a Hold to a Buy and the price target has been revised to $125. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 04, 2022, The Benchmark Company has decreased its “Buy” rating to a “Hold” for MKSI. Earlier on February 23, 2022, Loop Capital initiated its rating. Their recommendation was “a Buy” for MKSI stock.
Analyzing MKSI Stock Performance
During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, MKS Instruments, Inc. shares have jumped approximately 23.80%. Shares of the company reached a 52-week high of $135.51 on 04/01/24 and a 52-week low of $95.71 on 01/04/24. A 50-day SMA is recorded $122.93, while a 200-day SMA reached $99.73. Nevertheless, trading volume fell to 0.51 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for MKS Instruments, Inc. (MKSI)
According to the 24-hour chart, there is a support level at 124.67, which, if violated, would cause prices to drop to 121.99. In the upper region, resistance lies at 129.15. The next price resistance is at 130.95. RSI (Relative Strength Index) is 51.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 69.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is MKS Instruments, Inc. subject to short interest?
Stocks of MKS Instruments, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.15 million shares to 2.32 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.17 million shares. A jump of 6.47% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.75 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.75.
