Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Masimo Corp shares valued at $5,446,616 were sold by REYNOLDS CRAIG B on Apr 26 ’24. At $136.17 per share, REYNOLDS CRAIG B sold 40,000 shares. The insider’s holdings dropped to 7,406 shares worth approximately $0.89 million following the completion of this transaction.
Also, KIANI JOE E purchased 6,365 shares, netting a total of over 1,000,342 in proceeds. Following the buying of shares at $157.16 each, the insider now holds 366,055 shares.
As published in a research note from Stifel on April 15, 2024, Masimo Corp [MASI] has been rated up from a Hold to a Buy and the price target has been revised to $170 from $148. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late March. As of January 30, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for MASI. Earlier on January 03, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for MASI stock which previously was a “a Buy”.
Analyzing MASI Stock Performance
During the last five days, there has been a drop of approximately -10.44%. Over the course of the year, Masimo Corp shares have jumped approximately 2.40%. Shares of the company reached a 52-week high of $153.93 on 03/25/24 and a 52-week low of $107.57 on 01/05/24. A 50-day SMA is recorded $135.82, while a 200-day SMA reached $114.11. Nevertheless, trading volume fell to 2.33 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Masimo Corp (MASI)
According to the 24-hour chart, there is a support level at 112.86, which, if violated, would cause prices to drop to 105.70. In the upper region, resistance lies at 128.64. The next price resistance is at 137.26. RSI (Relative Strength Index) is 25.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.32, which suggests the price will decrease in the coming days. Percent R is at 77.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
