Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Monolithic Power System Inc shares valued at $7,500,104 were sold by Sciammas Maurice on Apr 08 ’24. At $681.83 per share, Sciammas Maurice sold 11,000 shares. The insider’s holdings dropped to 130,744 shares worth approximately $83.97 million following the completion of this transaction.
Also, Hsing Michael sold 8,000 shares, netting a total of over 5,419,521 in proceeds. Following the sale of shares at $677.44 each, the insider now holds 899,232 shares.
Before that, BLEGEN THEODORE had sold 2,500 shares from its account. In a trade valued at $1,693,493, the EVP & CFO traded Monolithic Power System Inc shares for $677.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $50.24 million.
As published in a research note from TD Cowen on February 08, 2024, Monolithic Power System Inc [MPWR] has been retained to an Outperform and the price target has been revised to $800. Analysts at Rosenblatt resumed the stock at ‘”a Buy”‘ outlook in a report released in late December. As of July 20, 2023, Wolfe Research has initiated its “Peer perform” rating for MPWR. Earlier on May 05, 2023, TD Cowen resumed its rating. Their recommendation was “an Outperform” for MPWR stock.
Analyzing MPWR Stock Performance
During the last five days, there has been a surge of approximately 0.70%. Over the course of the year, Monolithic Power System Inc shares have jumped approximately 1.81%. Shares of the company reached a 52-week high of $778.15 on 03/08/24 and a 52-week low of $561.08 on 01/04/24. A 50-day SMA is recorded $686.33, while a 200-day SMA reached $574.39. Nevertheless, trading volume fell to 0.77 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Monolithic Power System Inc (MPWR)
According to the 24-hour chart, there is a support level at 628.57, which, if violated, would cause prices to drop to 614.93. In the upper region, resistance lies at 655.54. The next price resistance is at 668.87. RSI (Relative Strength Index) is 47.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -27.13, which suggests the price will decrease in the coming days. Percent R is at 50.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
