In a filing, Monolithic Power System Inc revealed its EVP, Global Operations Xiao Deming unloaded Company’s shares for reported $8.8 million on Aug 27 ’24. In the deal valued at $950.00 per share,9,259 shares were sold. As a result of this transaction, Xiao Deming now holds 20,455 shares worth roughly $19.12 million.
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Then, Xiao Deming bought 9,259 shares, generating $8,796,050 in total proceeds.
Before that, Zhou Jeff bought 275 shares. Monolithic Power System Inc shares valued at $272,340 were divested by the Director at a price of $990.33 per share.
TD Cowen reiterated its Monolithic Power System Inc [MPWR] rating to a Buy in a research note published on August 21, 2024; the price target was $1100. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Rosenblatt also remained covering MPWR and reiterated its “Buy” recommendation on December 26, 2023. Wolfe Research started covering the stock on July 20, 2023. It rated MPWR as “a Peer perform”.
Price Performance Review of MPWR
On Friday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock jump 0.44% to $934.68. Over the last five days, the stock has lost -0.17%. Monolithic Power System Inc shares have risen nearly 48.18% since the year began. Nevertheless, the stocks have risen 81.44% over the past one year. While a 52-week high of $959.64 was reached on 08/29/24, a 52-week low of $392.10 was recorded on 01/04/24. SMA at 50 days reached $849.88, while 200 days put it at $712.09.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 914.50, which if violated will result in even more drops to 894.33. On the upside, there is a resistance level at 953.51. A further resistance level may holdings at 972.35. The Relative Strength Index (RSI) on the 14-day chart is 58.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.88%. Stochastics %K at 80.07% indicates the stock is a selling.
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 2024-08-15, dropping by -0.29 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.75 million shares. There was a decline of -19.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 05, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $500.
