Motorcar Parts of America Inc.’s recent filing unveils that its Director BISON CAPITAL PARTNERS VI-A, L acquired Company’s shares for reported $0.12 million on Jun 17 ’24. In the deal valued at $5.73 per share,20,300 shares were bought. As a result of this transaction, BISON CAPITAL PARTNERS VI-A, L now holds 270,300 shares worth roughly $1.78 million.
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Then, BISON CAPITAL PARTNERS VI, L.P bought 20,300 shares, generating $116,319 in total proceeds. Upon buying the shares at $5.73, the Director now owns 270,300 shares.
Before that, Trussler Douglas B bought 20,300 shares. Motorcar Parts of America Inc. shares valued at $116,319 were divested by the Director at a price of $5.73 per share. As a result of the transaction, Trussler Douglas B now holds 270,300 shares, worth roughly $1.78 million.
Craig Hallum downgraded its Motorcar Parts of America Inc. [MPAA] rating to a Hold from a a Buy in a research note published recently.
Price Performance Review of MPAA
On Tuesday, Motorcar Parts of America Inc. [NASDAQ:MPAA] saw its stock jump 8.13% to $6.59. Over the last five days, the stock has gained 38.63%. Motorcar Parts of America Inc. shares have fallen nearly -29.50% since the year began. Nevertheless, the stocks have fallen -1.42% over the past one year. While a 52-week high of $10.40 was reached on 02/12/24, a 52-week low of $4.36 was recorded on 06/11/24. SMA at 50 days reached $5.46, while 200 days put it at $7.77. A total of 0.19 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For MPAA Stock
The 24-hour chart illustrates a support level at 6.10, which if violated will result in even more drops to 5.62. On the upside, there is a resistance level at 6.99. A further resistance level may holdings at 7.40. The Relative Strength Index (RSI) on the 14-day chart is 65.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.09%. Stochastics %K at 78.89% indicates the stock is a holding.
