Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Motorola Solutions Inc shares valued at $1,971,463 were sold by NAIK RAJAN on Jun 13 ’24. At $373.81 per share, NAIK RAJAN sold 5,274 shares. The insider’s holdings dropped to 8,939 shares worth approximately $3.43 million following the completion of this transaction.
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Also, DENMAN KENNETH D sold 690 shares, netting a total of over 257,447 in proceeds. Following the sale of shares at $373.11 each, the insider now holds 8,141 shares.
Before that, DUNNING KAREN E had sold 3,174 shares from its account. In a trade valued at $1,148,382, the SVP, Human Resources traded Motorola Solutions Inc shares for $361.82 each. Upon closing the transaction, the insider’s holdings decreased to 3,174 shares, worth approximately $0.18 million.
As published in their initiating research note from Evercore ISI on March 25, 2024, Motorola Solutions Inc [MSI] has been an Outperform and the price target has been revised to $400. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of October 09, 2023, BofA Securities has initiated its “Buy” rating for MSI.
Analyzing MSI Stock Performance
During the last five days, there has been a surge of approximately 1.78%. Over the course of the year, Motorola Solutions Inc shares have jumped approximately 22.52%. Shares of the company reached a 52-week high of $384.63 on 06/18/24 and a 52-week low of $307.31 on 01/05/24. A 50-day SMA is recorded $358.37, while a 200-day SMA reached $323.92. Nevertheless, trading volume fell to 0.6 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Motorola Solutions Inc (MSI)
According to the 24-hour chart, there is a support level at 380.69, which, if violated, would cause prices to drop to 377.79. In the upper region, resistance lies at 385.57. The next price resistance is at 387.54. RSI (Relative Strength Index) is 70.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.68, which suggests the price will increase in the coming days. Percent R is at 3.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
