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MEDP stock rated a Buy by TD Cowen

Medpace Holdings Inc’s filing revealed that its Exec. VP, Operations BURWIG SUSAN E unloaded Company’s shares for reported $3.08 million on Jun 05 ’24. In the deal valued at $401.20 per share,7,681 shares were sold. As a result of this transaction, BURWIG SUSAN E now holds 7,500 shares worth roughly $3.09 million.

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Then, Troendle August J. sold 5,695 shares, generating $2,252,316 in total proceeds. Upon selling the shares at $395.49, the CEO now owns 654,656 shares.

Before that, Troendle August J. sold 3,987 shares. Medpace Holdings Inc shares valued at $1,575,742 were divested by the CEO at a price of $395.22 per share. As a result of the transaction, Troendle August J. now holds 660,351 shares, worth roughly $271.97 million.

TD Cowen initiated its Medpace Holdings Inc [MEDP] rating to a Buy in a research note published on May 29, 2024; the price target was $452. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Jefferies also remained covering MEDP and has increased its forecast on April 23, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank started covering the stock on March 18, 2024. It rated MEDP as “a Hold”.

Price Performance Review of MEDP

On Friday, Medpace Holdings Inc [NASDAQ:MEDP] saw its stock fall -2.94% to $411.85. Over the last five days, the stock has gained 1.94%. Medpace Holdings Inc shares have risen nearly 34.36% since the year began. Nevertheless, the stocks have risen 79.78% over the past one year. While a 52-week high of $424.49 was reached on 06/28/24, a 52-week low of $223.12 was recorded on 01/16/24. SMA at 50 days reached $396.18, while 200 days put it at $333.67. A total of 0.56 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For MEDP Stock

The 24-hour chart illustrates a support level at 400.30, which if violated will result in even more drops to 388.76. On the upside, there is a resistance level at 430.39. A further resistance level may holdings at 448.94. The Relative Strength Index (RSI) on the 14-day chart is 56.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.11%. Stochastics%K at 72.03% indicates the stock is a holding.

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