Medpace Holdings Inc’s recent filing unveils that its Exec. VP, Operations BURWIG SUSAN E unloaded Company’s shares for reported $41106.0 on Mar 15 ’24. In the deal valued at $403.00 per share,102 shares were sold. As a result of this transaction, BURWIG SUSAN E now holds 15,181 shares worth roughly $5.85 million.
Then, Keating Ashley M. sold 250 shares, generating $102,468 in total proceeds. Upon selling the shares at $409.87, the Director now owns 250 shares.
Before that, Medpace Investors, LLC sold 25,000 shares. Medpace Holdings Inc shares valued at $10,217,750 were divested by the 10% Owner at a price of $408.71 per share. As a result of the transaction, Medpace Investors, LLC now holds 4,733,019 shares, worth roughly $1.82 billion.
Deutsche Bank initiated its Medpace Holdings Inc [MEDP] rating to a Hold in a research note published on March 18, 2024; the price target was $395. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Robert W. Baird also remained covering MEDP and has increased its forecast on October 24, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Guggenheim revised its rating on May 08, 2023. It rated MEDP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MEDP
On Tuesday, Medpace Holdings Inc [NASDAQ:MEDP] saw its stock fall -0.54% to $385.05. Over the last five days, the stock has lost -4.87%. Medpace Holdings Inc shares have risen nearly 25.62% since the year began. Nevertheless, the stocks have risen 100.40% over the past one year. While a 52-week high of $419.42 was reached on 03/06/24, a 52-week low of $185.43 was recorded on 01/16/24. SMA at 50 days reached $388.32, while 200 days put it at $297.82. A total of 0.31 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For MEDP Stock
The 24-hour chart illustrates a support level at 382.86, which if violated will result in even more drops to 380.67. On the upside, there is a resistance level at 389.07. A further resistance level may holdings at 393.09. The Relative Strength Index (RSI) on the 14-day chart is 43.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.72%. Stochastics %K at 13.14% indicates the stock is a buying.
