SiTime Corp’s recent filing unveils that its insider Assaderaghi Fariborz unloaded Company’s shares for reported $0.11 million on Apr 26 ’24. In the deal valued at $84.25 per share,1,288 shares were sold. As a result of this transaction, Assaderaghi Fariborz now holds 110,203 shares worth roughly $10.69 million.
Then, Assaderaghi Fariborz sold 1,288 shares, generating $116,661 in total proceeds. Upon selling the shares at $90.57, the insider now owns 111,491 shares.
Before that, Assaderaghi Fariborz sold 1,026 shares. SiTime Corp shares valued at $94,725 were divested by the insider at a price of $92.33 per share. As a result of the transaction, Assaderaghi Fariborz now holds 90,887 shares, worth roughly $8.82 million.
Wolfe Research initiated its SiTime Corp [SITM] rating to an Outperform in a research note published on July 20, 2023; the price target was $160. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “an Equal weight”. Needham also remained covering SITM and has decreased its forecast on May 04, 2023 with a “Hold” recommendation from previously “Buy” rating. Credit Suisse started covering the stock on November 16, 2022. It rated SITM as “an Outperform”.
Price Performance Review of SITM
On Tuesday, SiTime Corp [NASDAQ:SITM] saw its stock jump 0.37% to $97.00. Over the last five days, the stock has gained 8.84%. SiTime Corp shares have fallen nearly -20.54% since the year began. Nevertheless, the stocks have risen 9.87% over the past one year. While a 52-week high of $141.99 was reached on 02/12/24, a 52-week low of $72.39 was recorded on 04/22/24. SMA at 50 days reached $87.98, while 200 days put it at $109.36. A total of 0.23 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For SITM Stock
The 24-hour chart illustrates a support level at 95.07, which if violated will result in even more drops to 93.15. On the upside, there is a resistance level at 99.45. A further resistance level may holdings at 101.91. The Relative Strength Index (RSI) on the 14-day chart is 64.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.80%. Stochastics %K at 91.70% indicates the stock is a selling.
The most recent change occurred on October 11, 2022 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $125.
