Maravai LifeSciences Holdings Inc’s recent filing unveils that its Director GTCR INVESTMENT XI LLC unloaded Company’s shares for reported $97.57 million on May 28 ’24. In the deal valued at $9.81 per share,9,940,974 shares were sold. As a result of this transaction, GTCR INVESTMENT XI LLC now holds 20,150,005 shares worth roughly $158.98 million.
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Wells Fargo initiated its Maravai LifeSciences Holdings Inc [MRVI] rating to an Overweight in a research note published on August 28, 2024; the price target was $10. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal-weight”. Craig Hallum began covering MRVI with “Buy” recommendation on April 10, 2024. BofA Securities revised its rating on December 12, 2023. It rated MRVI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MRVI
On Friday, Maravai LifeSciences Holdings Inc [NASDAQ:MRVI] saw its stock jump 3.00% to $7.89. Over the last five days, the stock has lost -6.29%. Maravai LifeSciences Holdings Inc shares have risen nearly 20.46% since the year began. Nevertheless, the stocks have fallen -18.41% over the past one year. While a 52-week high of $11.56 was reached on 05/17/24, a 52-week low of $4.52 was recorded on 02/22/24. SMA at 50 days reached $8.77, while 200 days put it at $7.97.
Levels Of Support And Resistance For MRVI Stock
The 24-hour chart illustrates a support level at 7.71, which if violated will result in even more drops to 7.52. On the upside, there is a resistance level at 7.99. A further resistance level may holdings at 8.08. The Relative Strength Index (RSI) on the 14-day chart is 40.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.74%. Stochastics %K at 7.54% indicates the stock is a buying.
How much short interest is there in Maravai LifeSciences Holdings Inc?
A steep rise in short interest was recorded in Maravai LifeSciences Holdings Inc stocks on 2024-09-13, dropping by -0.53 million shares to a total of 7.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.44 million shares. There was a decline of -6.67%, which implies that there is a negative sentiment for the stock.
