Monolithic Power System Inc’s recent filing unveils that its CEO Hsing Michael unloaded Company’s shares for reported $82327.0 on Aug 16 ’24. In the deal valued at $823.27 per share,100 shares were sold. As a result of this transaction, Hsing Michael now holds 864,009 shares worth roughly $749.8 million.
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Then, MICHAEL HSING bought 4,264 shares, generating $3,527,097 in total proceeds.
Before that, Hsing Michael sold 4,163 shares. Monolithic Power System Inc shares valued at $3,443,950 were divested by the CEO at a price of $827.28 per share. As a result of the transaction, Hsing Michael now holds 861,069 shares, worth roughly $747.24 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 jump 5.32% to $867.81. Over the last five days, the stock has gained 9.83%. Monolithic Power System Inc shares have risen nearly 37.58% since the year began. Nevertheless, the stocks have risen 72.81% over the past one year. While a 52-week high of $891.67 was reached on 07/16/24, a 52-week low of $392.10 was recorded on 01/04/24. SMA at 50 days reached $815.28, while 200 days put it at $682.52.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 848.28, which if violated will result in even more drops to 828.74. On the upside, there is a resistance level at 879.18. A further resistance level may holdings at 890.54. The Relative Strength Index (RSI) on the 14-day chart is 56.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.26%. Stochastics%K at 79.35% indicates the stock is a holding.
How much short interest is there in Monolithic Power System Inc?
A steep rise in short interest was recorded in Monolithic Power System Inc stocks on
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.
