In a filing, Medpace Holdings Inc revealed its CEO Troendle August J. unloaded Company’s shares for reported $1.36 million on May 02 ’24. In the deal valued at $400.44 per share,3,396 shares were sold. As a result of this transaction, Troendle August J. now holds 773,383 shares worth roughly $310.98 million.
Then, Troendle August J. sold 12,934 shares, generating $5,193,777 in total proceeds. Upon selling the shares at $401.56, the CEO now owns 776,779 shares.
Before that, Troendle August J. sold 1,828 shares. Medpace Holdings Inc shares valued at $731,767 were divested by the CEO at a price of $400.31 per share. As a result of the transaction, Troendle August J. now holds 789,713 shares, worth roughly $317.54 million.
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 0.34% to $402.10. Over the last five days, the stock has gained 3.54%. Medpace Holdings Inc shares have risen nearly 31.18% since the year began. Nevertheless, the stocks have risen 94.45% over the past one year. While a 52-week high of $421.00 was reached on 04/24/24, a 52-week low of $197.39 was recorded on 01/16/24. SMA at 50 days reached $397.99, while 200 days put it at $309.01. A total of 0.23 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For MEDP Stock
The 24-hour chart illustrates a support level at 397.20, which if violated will result in even more drops to 392.31. On the upside, there is a resistance level at 408.09. A further resistance level may holdings at 414.09. The Relative Strength Index (RSI) on the 14-day chart is 54.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.98%. Stochastics %K at 65.45% indicates the stock is a holding.
