Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Microvast Holdings Inc shares valued at $66,095 were purchased by Stephen A. Vogel on Sep 26 ’24. At $0.28 per share, Stephen A. Vogel acquired 236,055 shares.
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Also, Stephen A. Vogel purchased 2,800,000 shares, netting a total of over 761,600 in proceeds.
Before that, Zheng Yanzhuan had sold 1,000,000 shares from its account. In a trade valued at $1,300,000, the Director traded Microvast Holdings Inc shares for $1.30 each. Upon closing the transaction, the insider’s holdings decreased to 1,000,000 shares, worth approximately $0.16 million.
As published in a research note from Janney on April 02, 2024, Microvast Holdings Inc [MVST] has been rated down from a Buy to a Neutral. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of August 31, 2023, Janney has initiated its “Buy” rating for MVST. Earlier on April 03, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for MVST stock.
Analyzing MVST Stock Performance
During the last five days, there has been a drop of approximately -16.67%. Over the course of the year, Microvast Holdings Inc shares have dropped approximately -83.57%. Shares of the company reached a 52-week high of $1.5000 on 01/02/24 and a 52-week low of $0.1800 on 09/11/24. A 50-day SMA is recorded $0.3009, while a 200-day SMA reached $0.5820. Nevertheless, trading volume fell to 2.09 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Microvast Holdings Inc (MVST)
According to the 24-hour chart, there is a support level at 0.2074, which, if violated, would cause prices to drop to 0.1848. In the upper region, resistance lies at 0.2677. The next price resistance is at 0.3054. RSI (Relative Strength Index) is 40.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0452, which suggests the price will decrease in the coming days. Percent R is at 94.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
