Microvast Holdings Inc’s recent filing unveils that its Former Board Member Stephen A. Vogel acquired Company’s shares for reported $0.76 million on Sep 06 ’24. In the deal valued at $0.27 per share,2,800,000 shares were bought.
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Then, Zheng Yanzhuan sold 1,000,000 shares, generating $1,300,000 in total proceeds. Upon selling the shares at $1.30, the Director now owns 710,000 shares.
Janney downgraded its Microvast Holdings Inc [MVST] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Janney began covering MVST with “Buy” recommendation on August 31, 2023. H.C. Wainwright started covering the stock on April 03, 2023. It rated MVST as “a Buy”.
Price Performance Review of MVST
On Tuesday, Microvast Holdings Inc [NASDAQ:MVST] saw its stock jump 11.17% to $0.31. Over the last five days, the stock has gained 56.19%. Microvast Holdings Inc shares have fallen nearly -77.74% since the year began. Nevertheless, the stocks have fallen -84.65% over the past one year. While a 52-week high of $2.04 was reached on 01/02/24, a 52-week low of $0.18 was recorded on 09/11/24. SMA at 50 days reached $0.3371, while 200 days put it at $0.6376.
Levels Of Support And Resistance For MVST Stock
The 24-hour chart illustrates a support level at 0.2672, which if violated will result in even more drops to 0.2228. On the upside, there is a resistance level at 0.3618. A further resistance level may holdings at 0.4120. The Relative Strength Index (RSI) on the 14-day chart is 55.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0231, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.85%. Stochastics %K at 57.44% indicates the stock is a holding.
How much short interest is there in Microvast Holdings Inc?
A steep rise in short interest was recorded in Microvast Holdings Inc stocks on 2024-08-30, dropping by -2.44 million shares to a total of 12.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 15.37 million shares. There was a decline of -18.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 19, 2022 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $8 price target.
