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Monolithic Power System Inc [MPWR] Investment Appeal on the Rise

Monolithic Power System Inc’s recent filing unveils that its EVP & General Counsel Tseng Saria unloaded Company’s shares for reported $1.53 million on Jul 02 ’24. In the deal valued at $824.65 per share,1,858 shares were sold. As a result of this transaction, Tseng Saria now holds 164,570 shares worth roughly $139.26 million.

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Then, Tseng Saria sold 37,093 shares, generating $29,978,650 in total proceeds. Upon selling the shares at $808.20, the EVP & General Counsel now owns 166,428 shares.

Before that, Hsing Michael sold 2,672 shares. Monolithic Power System Inc shares valued at $2,149,816 were divested by the CEO at a price of $804.57 per share. As a result of the transaction, Hsing Michael now holds 877,736 shares, worth roughly $742.74 million.

TD Cowen reiterated its Monolithic Power System Inc [MPWR] rating to an Outperform in a research note published on February 08, 2024; the price target was $800. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Wolfe Research began covering MPWR with “Peer perform” recommendation on July 20, 2023. TD Cowen maintained its rating on May 05, 2023. It rated MPWR as “an Outperform”.

Price Performance Review of MPWR

On Tuesday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock fall -0.66% to $846.20. Over the last five days, the stock has gained 3.27%. Monolithic Power System Inc shares have risen nearly 34.15% since the year began. Nevertheless, the stocks have risen 64.66% over the past one year. While a 52-week high of $856.30 was reached on 07/09/24, a 52-week low of $392.10 was recorded on 01/04/24. SMA at 50 days reached $763.74, while 200 days put it at $636.35. A total of 0.26 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For MPWR Stock

The 24-hour chart illustrates a support level at 833.12, which if violated will result in even more drops to 820.03. On the upside, there is a resistance level at 864.13. A further resistance level may holdings at 882.05. The Relative Strength Index (RSI) on the 14-day chart is 64.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.42%. Stochastics%K at 79.61% indicates the stock is a holding.

The most recent change occurred on November 16, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $475 price target.

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