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Stephens initates 908 Devices Inc (MASS) stock to an Overweight

908 Devices Inc’s recent filing unveils that its President and CEO Knopp Kevin J. acquired Company’s shares for reported $64200.0 on May 13 ’24. In the deal valued at $6.42 per share,10,000 shares were bought. As a result of this transaction, Knopp Kevin J. now holds 508,981 shares worth roughly $2.16 million.

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Then, Knopp Kevin J. bought 10,000 shares, generating $57,700 in total proceeds. Upon buying the shares at $5.77, the President and CEO now owns 498,981 shares.

Before that, Knopp Kevin J. bought 10,000 shares. 908 Devices Inc shares valued at $58,300 were divested by the President and CEO at a price of $5.83 per share. As a result of the transaction, Knopp Kevin J. now holds 488,981 shares, worth roughly $2.08 million.

Stephens initiated its 908 Devices Inc [MASS] rating to an Overweight in a research note published on February 07, 2023; the price target was $14. William Blair began covering MASS with “an Outperform” recommendation on January 12, 2021. SVB Leerink started covering the stock on January 12, 2021. It rated MASS as “an Outperform”.

Price Performance Review of MASS

On Tuesday, 908 Devices Inc [NASDAQ:MASS] saw its stock unchanged to $4.25. Over the last five days, the stock has lost -8.21%. 908 Devices Inc shares have fallen nearly -62.12% since the year began. Nevertheless, the stocks have fallen -41.05% over the past one year. While a 52-week high of $12.51 was reached on 01/02/24, a 52-week low of $4.25 was recorded on 08/13/24. SMA at 50 days reached $5.34, while 200 days put it at $6.58.

Levels Of Support And Resistance For MASS Stock

The 24-hour chart illustrates a support level at 4.21, which if violated will result in even more drops to 4.18. On the upside, there is a resistance level at 4.31. A further resistance level may holdings at 4.38. The Relative Strength Index (RSI) on the 14-day chart is 32.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.41%. Stochastics%K at 2.19% indicates the stock is a buying.

How much short interest is there in 908 Devices Inc?

A steep rise in short interest was recorded in 908 Devices Inc stocks on , growing by 0.11 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.24 million shares. There was a rise of 8.22%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 12, 2021 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.

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