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Checking in on Monolithic Power System Inc (MPWR) after recent insiders movement

Monolithic Power System Inc’s recent filing unveils that its CEO Hsing Michael unloaded Company’s shares for reported $1.95 million on May 08 ’24. In the deal valued at $690.00 per share,2,824 shares were sold. As a result of this transaction, Hsing Michael now holds 888,408 shares worth roughly $634.07 million.

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Then, Xiao Deming sold 869 shares, generating $599,627 in total proceeds. Upon selling the shares at $690.02, the EVP, Global Operations now owns 207,747 shares.

Before that, Tseng Saria sold 869 shares. Monolithic Power System Inc shares valued at $599,627 were divested by the EVP & General Counsel at a price of $690.02 per share. As a result of the transaction, Tseng Saria now holds 203,521 shares, worth roughly $145.25 million.

TD Cowen reiterated its Monolithic Power System Inc [MPWR] rating to an Outperform in a research note published on February 08, 2024; the price target was $800. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Wolfe Research began covering MPWR with “Peer perform” recommendation on July 20, 2023. TD Cowen maintained its rating on May 05, 2023. It rated MPWR as “an Outperform”.

Price Performance Review of MPWR

On Tuesday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock jump 1.52% to $713.71. Over the last five days, the stock has gained 1.64%. Monolithic Power System Inc shares have risen nearly 13.15% since the year began. Nevertheless, the stocks have risen 78.79% over the past one year. While a 52-week high of $778.15 was reached on 03/08/24, a 52-week low of $392.10 was recorded on 01/04/24. SMA at 50 days reached $677.93, while 200 days put it at $584.28. A total of 0.32 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For MPWR Stock

The 24-hour chart illustrates a support level at 705.40, which if violated will result in even more drops to 697.09. On the upside, there is a resistance level at 719.36. A further resistance level may holdings at 725.01. The Relative Strength Index (RSI) on the 14-day chart is 57.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.22%. Stochastics %K at 75.88% indicates the stock is a holding.

The most recent change occurred on November 16, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $475 price target.

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