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Keeping an Eye on Masimo Corp (MASI) After Insider Trading Activity

Masimo Corp’s recent filing unveils that its Director REYNOLDS CRAIG B unloaded Company’s shares for reported $5.45 million on Apr 26 ’24. In the deal valued at $136.17 per share,40,000 shares were sold. As a result of this transaction, REYNOLDS CRAIG B now holds 7,406 shares worth roughly $1.0 million.

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Piper Sandler upgraded its Masimo Corp [MASI] rating to an Overweight from a a Neutral in a research note published on June 03, 2024; the price target was increased to $160 from $126. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Wells Fargo also remained covering MASI and has increased its forecast on March 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on January 30, 2024. It rated MASI as “a Hold” which previously was an “a Buy”.

Price Performance Review of MASI

On Monday, Masimo Corp [NASDAQ:MASI] saw its stock fall -0.26% to $135.34. Over the last five days, the stock has gained 6.43%. Masimo Corp shares have risen nearly 15.47% since the year began. Nevertheless, the stocks have fallen -17.11% over the past one year. While a 52-week high of $167.04 was reached on 03/25/24, a 52-week low of $75.22 was recorded on 01/05/24. SMA at 50 days reached $130.80, while 200 days put it at $115.52. A total of 0.68 million shares were traded, compared to the trading of 0.82 million shares in the previous session.

Levels Of Support And Resistance For MASI Stock

The 24-hour chart illustrates a support level at 134.34, which if violated will result in even more drops to 133.35. On the upside, there is a resistance level at 137.21. A further resistance level may holdings at 139.09. The Relative Strength Index (RSI) on the 14-day chart is 60.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.64%. Stochastics %K at 93.76% indicates the stock is a selling.

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