Masimo Corp’s recently made public that its Director REYNOLDS CRAIG B unloaded Company’s shares for reported $5.45 million on Apr 26 ’24. In the deal valued at $136.17 per share,40,000 shares were sold. As a result of this transaction, REYNOLDS CRAIG B now holds 7,406 shares worth roughly $1.01 million.
Then, KIANI JOE E bought 6,365 shares, generating $1,000,342 in total proceeds. Upon buying the shares at $157.16, the CEO and Chairman of the Board now owns 366,055 shares.
Stifel upgraded its Masimo Corp [MASI] rating to a Buy from a a Hold in a research note published on April 15, 2024; the price target was increased to $170 from $148. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late March from “an Equal weight” to “an Overweight”. Jefferies also remained covering MASI and has decreased its forecast on January 30, 2024 with a “Hold” recommendation from previously “Buy” rating. Needham revised its rating on January 03, 2024. It rated MASI as “a Hold” which previously was an “a Buy”.
Price Performance Review of MASI
On Friday, Masimo Corp [NASDAQ:MASI] saw its stock jump 0.55% to $137.00. Over the last five days, the stock has gained 0.63%. Masimo Corp shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have fallen -26.64% over the past one year. While a 52-week high of $189.30 was reached on 03/25/24, a 52-week low of $75.22 was recorded on 01/05/24. SMA at 50 days reached $135.80, while 200 days put it at $113.84. A total of 0.59 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For MASI Stock
The 24-hour chart illustrates a support level at 136.17, which if violated will result in even more drops to 135.34. On the upside, there is a resistance level at 137.84. A further resistance level may holdings at 138.68. The Relative Strength Index (RSI) on the 14-day chart is 50.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.64%. Stochastics %K at 45.85% indicates the stock is a holding.
