KD Logo

Keeping an Eye on Everspin Technologies Inc (MRAM) After Insider Trading Activity

In a filing, Everspin Technologies Inc revealed its PRESIDENT AND CEO Aggarwal Sanjeev unloaded Company’s shares for reported $7074.0 on Aug 07 ’24. In the deal valued at $5.40 per share,1,310 shares were sold. As a result of this transaction, Aggarwal Sanjeev now holds 457,738 shares worth roughly $2.29 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Aggarwal Sanjeev sold 17,631 shares, generating $105,962 in total proceeds. Upon selling the shares at $6.01, the PRESIDENT AND CEO now owns 459,048 shares.

Before that, Aggarwal Anuj sold 12,984 shares. Everspin Technologies Inc shares valued at $78,034 were divested by the CHIEF FINANCIAL OFFICER at a price of $6.01 per share. As a result of the transaction, Aggarwal Anuj now holds 276,940 shares, worth roughly $1.39 million.

Canaccord Genuity reiterated its Everspin Technologies Inc [MRAM] rating to a Buy in a research note published on November 17, 2017; the price target was $15. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Strong buy”‘ rating for it. Stifel also remained covering MRAM and reiterated its “Buy” recommendation on June 05, 2017.

Price Performance Review of MRAM

On Tuesday, Everspin Technologies Inc [NASDAQ:MRAM] saw its stock fall -1.96% to $5.01. Over the last five days, the stock has lost -6.79%. Everspin Technologies Inc shares have fallen nearly -44.58% since the year began. Nevertheless, the stocks have fallen -48.88% over the past one year. While a 52-week high of $10.50 was reached on 02/28/24, a 52-week low of $5.08 was recorded on 08/13/24. SMA at 50 days reached $6.02, while 200 days put it at $7.63.

Levels Of Support And Resistance For MRAM Stock

The 24-hour chart illustrates a support level at 4.95, which if violated will result in even more drops to 4.90. On the upside, there is a resistance level at 5.11. A further resistance level may holdings at 5.22. The Relative Strength Index (RSI) on the 14-day chart is 27.90, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.32%. Stochastics%K at 3.13% indicates the stock is a buying.

How much short interest is there in Everspin Technologies Inc?

A steep rise in short interest was recorded in Everspin Technologies Inc stocks on , growing by 0.5 million shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.22 million shares. There was a rise of 69.1%, which implies that there is a positive sentiment for the stock.

Most Popular