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 $6.18 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 $1.93 billion.
Jefferies upgraded its Medpace Holdings Inc [MEDP] rating to a Buy from a a Hold in a research note published on April 23, 2024; the price target was increased to $450 from $340. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid March with a ‘”a Hold”‘ rating. UBS also remained covering MEDP and has increased its forecast on February 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on October 24, 2023. It rated MEDP as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of MEDP
On Tuesday, Medpace Holdings Inc [NASDAQ:MEDP] saw its stock jump 8.21% to $407.15. Over the last five days, the stock has gained 5.74%. Medpace Holdings Inc shares have risen nearly 32.83% since the year began. Nevertheless, the stocks have risen 115.41% over the past one year. While a 52-week high of $419.42 was reached on 03/06/24, a 52-week low of $187.03 was recorded on 01/16/24. SMA at 50 days reached $395.53, while 200 days put it at $301.45. A total of 0.81 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For MEDP Stock
The 24-hour chart illustrates a support level at 370.42, which if violated will result in even more drops to 333.70. On the upside, there is a resistance level at 429.24. A further resistance level may holdings at 451.33. The Relative Strength Index (RSI) on the 14-day chart is 58.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.68%. Stochastics %K at 37.84% indicates the stock is a holding.
