The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MACOM Technology Solutions Holdings Inc shares valued at $1,077,023 were sold by OCAMPO SUSAN on May 08 ’24. At $103.53 per share, OCAMPO SUSAN sold 10,403 shares. The insider’s holdings dropped to 7,902,278 shares worth approximately $801.21 million following the completion of this transaction.
Also, OCAMPO SUSAN sold 75,000 shares, netting a total of over 7,726,500 in proceeds. Following the sale of shares at $103.02 each, the insider now holds 7,912,681 shares.
Before that, Kober John had sold 13,666 shares from its account. In a trade valued at $1,407,374, the Senior VP and CFO traded MACOM Technology Solutions Holdings Inc shares for $102.98 each. Upon closing the transaction, the insider’s holdings decreased to 13,666 shares, worth approximately $4.77 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, MACOM Technology Solutions Holdings Inc [MTSI] has been an Outperform and the price target has been revised to $120. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 15, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for MTSI. Earlier on September 06, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MTSI stock which previously was a “a Hold”.
Analyzing MTSI Stock Performance
During the last five days, there has been a surge of approximately 2.43%. Over the course of the year, MACOM Technology Solutions Holdings Inc shares have jumped approximately 9.08%. Shares of the company reached a 52-week high of $107.00 on 05/06/24 and a 52-week low of $79.25 on 02/06/24. A 50-day SMA is recorded $97.24, while a 200-day SMA reached $85.43. Nevertheless, trading volume fell to 0.53 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for MACOM Technology Solutions Holdings Inc (MTSI)
According to the 24-hour chart, there is a support level at 100.73, which, if violated, would cause prices to drop to 100.07. In the upper region, resistance lies at 102.06. The next price resistance is at 102.73. RSI (Relative Strength Index) is 54.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 37.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
