Masimo Corp’s recent filing unveils that its Director REYNOLDS CRAIG B unloaded Company’s shares for reported $5.45 million on Apr 26 ’24. In the deal valued at $136.17 per share,40,000 shares were sold. As a result of this transaction, REYNOLDS CRAIG B now holds 7,406 shares worth roughly $1.03 million.
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Piper Sandler upgraded its Masimo Corp [MASI] rating to an Overweight from a a Neutral in a research note published on June 03, 2024; the price target was increased to $160 from $126. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Wells Fargo also remained covering MASI and has increased its forecast on March 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on January 30, 2024. It rated MASI as “a Hold” which previously was an “a Buy”.
Price Performance Review of MASI
On Friday, Masimo Corp [NASDAQ:MASI] saw its stock jump 4.84% to $138.83. Over the last five days, the stock has gained 4.23%. Masimo Corp shares have risen nearly 18.45% since the year began. Nevertheless, the stocks have risen 67.77% over the past one year. While a 52-week high of $153.93 was reached on 03/25/24, a 52-week low of $75.22 was recorded on 08/05/24. SMA at 50 days reached $119.61, while 200 days put it at $125.38.
Levels Of Support And Resistance For MASI Stock
The 24-hour chart illustrates a support level at 134.46, which if violated will result in even more drops to 130.09. On the upside, there is a resistance level at 141.41. A further resistance level may holdings at 143.98. The Relative Strength Index (RSI) on the 14-day chart is 72.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.75%. Stochastics %K at 90.22% indicates the stock is a selling.
How much short interest is there in Masimo Corp?
A steep rise in short interest was recorded in Masimo Corp stocks on 2024-09-13, dropping by -3.83 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.75 million shares. There was a decline of -130.98%, which implies that there is a negative sentiment for the stock.
