Monolithic Power System Inc’s recent filing unveils that its EVP, WW Sales & Marketing Sciammas Maurice unloaded Company’s shares for reported $10.23 million on Oct 07 ’24. In the deal valued at $929.59 per share,11,000 shares were sold. As a result of this transaction, Sciammas Maurice now holds 103,829 shares worth roughly $92.89 million.
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Then, MAURICE SCIAMMAS bought 11,000 shares, generating $10,225,471 in total proceeds.
Before that, BLEGEN THEODORE sold 2,500 shares. Monolithic Power System Inc shares valued at $2,270,900 were divested by the EVP and CFO at a price of $908.36 per share. As a result of the transaction, BLEGEN THEODORE now holds 59,178 shares, worth roughly $52.95 million.
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 Tuesday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock fall -5.14% to $894.69. Over the last five days, the stock has lost -3.08%. Monolithic Power System Inc shares have risen nearly 41.84% since the year began. Nevertheless, the stocks have risen 88.06% 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 $893.78, while 200 days put it at $761.19.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 874.16, which if violated will result in even more drops to 853.63. On the upside, there is a resistance level at 929.35. A further resistance level may holdings at 964.01. The Relative Strength Index (RSI) on the 14-day chart is 46.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.06%. Stochastics %K at 58.69% indicates the stock is a holding.
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 2024-09-30, growing by 13841.0 shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.54 million shares. There was a rise of 0.89%, which implies that there is a positive 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.
