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A company insider recently sold 7,681 shares of Medpace Holdings Inc [MEDP]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Medpace Holdings Inc shares valued at $3,081,617 were sold by BURWIG SUSAN E on Jun 05 ’24. At $401.20 per share, BURWIG SUSAN E sold 7,681 shares. The insider’s holdings dropped to 7,500 shares worth approximately $3.02 million following the completion of this transaction.

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Also, Troendle August J. sold 5,695 shares, netting a total of over 2,252,316 in proceeds. Following the sale of shares at $395.49 each, the insider now holds 654,656 shares.

Before that, Troendle August J. had sold 3,987 shares from its account. In a trade valued at $1,575,742, the CEO traded Medpace Holdings Inc shares for $395.22 each. Upon closing the transaction, the insider’s holdings decreased to 3,987 shares, worth approximately $265.79 million.

As published in their initiating research note from TD Cowen on May 29, 2024, Medpace Holdings Inc [MEDP] has been a Buy and the price target has been revised to $452. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of April 23, 2024, Jefferies has increased its “Hold” rating to a “Buy” for MEDP. Earlier on March 18, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for MEDP stock.

Analyzing MEDP Stock Performance

During the last five days, there has been a drop of approximately -0.70%. Over the course of the year, Medpace Holdings Inc shares have jumped approximately 31.31%. Shares of the company reached a 52-week high of $437.39 on 06/28/24 and a 52-week low of $277.72 on 01/16/24. A 50-day SMA is recorded $398.03, while a 200-day SMA reached $335.53. Nevertheless, trading volume fell to 0.12 million shares from 0.16 million shares the previous day.

Support And Resistance Levels for Medpace Holdings Inc (MEDP)

According to the 24-hour chart, there is a support level at 397.21, which, if violated, would cause prices to drop to 391.35. In the upper region, resistance lies at 408.43. The next price resistance is at 413.79. RSI (Relative Strength Index) is 50.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 67.34%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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