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Evercore ISI initates Motorola Solutions Inc (MSI) rating to an Outperform

In a filing, Motorola Solutions Inc revealed its SVP, Strategy & Ventures NAIK RAJAN unloaded Company’s shares for reported $1.97 million on Jun 13 ’24. In the deal valued at $373.81 per share,5,274 shares were sold. As a result of this transaction, NAIK RAJAN now holds 8,939 shares worth roughly $3.46 million.

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Then, DENMAN KENNETH D sold 690 shares, generating $257,447 in total proceeds. Upon selling the shares at $373.11, the Director now owns 8,141 shares.

Before that, DUNNING KAREN E sold 3,174 shares. Motorola Solutions Inc shares valued at $1,148,382 were divested by the SVP, Human Resources at a price of $361.82 per share. As a result of the transaction, DUNNING KAREN E now holds 460 shares, worth roughly $0.18 million.

Evercore ISI initiated its Motorola Solutions Inc [MSI] rating to an Outperform in a research note published on March 25, 2024; the price target was $400. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BofA Securities began covering MSI with “Buy” recommendation on October 09, 2023.

Price Performance Review of MSI

On Friday, Motorola Solutions Inc [NYSE:MSI] saw its stock jump 0.28% to $386.87. Over the last five days, the stock has gained 0.12%. Motorola Solutions Inc shares have risen nearly 23.57% since the year began. Nevertheless, the stocks have risen 32.15% over the past one year. While a 52-week high of $391.65 was reached on 06/25/24, a 52-week low of $269.64 was recorded on 01/05/24. SMA at 50 days reached $367.77, while 200 days put it at $329.63. A total of 0.84 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For MSI Stock

The 24-hour chart illustrates a support level at 385.19, which if violated will result in even more drops to 383.52. On the upside, there is a resistance level at 387.86. A further resistance level may holdings at 388.86. The Relative Strength Index (RSI) on the 14-day chart is 65.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.08%. Stochastics%K at 74.63% indicates the stock is a holding.

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