Medpace Holdings Inc’s recently made public that its Director Kraft Robert O. unloaded Company’s shares for reported $1.7 million on Aug 22 ’24. In the deal valued at $390.73 per share,4,353 shares were sold. As a result of this transaction, Kraft Robert O. now holds 520 shares worth roughly $0.18 million.
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Then, Kraft Robert O. sold 3,774 shares, generating $1,474,615 in total proceeds. Upon selling the shares at $390.73, the Director now owns 520 shares.
Before that, Kraft Robert O. bought 4,353 shares. Medpace Holdings Inc shares valued at $1,700,858 were divested by the Director at a price of $390.73 per share.
Redburn Atlantic initiated its Medpace Holdings Inc [MEDP] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Jefferies also remained covering MEDP and has decreased its forecast on September 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Truist started covering the stock on August 01, 2024. It rated MEDP as “a Hold”.
Price Performance Review of MEDP
On Monday, Medpace Holdings Inc [NASDAQ:MEDP] saw its stock fall -0.98% to $352.92. Over the last five days, the stock has lost -0.16%. Medpace Holdings Inc shares have risen nearly 15.13% since the year began. Nevertheless, the stocks have risen 53.74% over the past one year. While a 52-week high of $459.77 was reached on 07/17/24, a 52-week low of $227.21 was recorded on 01/16/24. SMA at 50 days reached $356.38, while 200 days put it at $374.88.
Levels Of Support And Resistance For MEDP Stock
The 24-hour chart illustrates a support level at 347.54, which if violated will result in even more drops to 342.17. On the upside, there is a resistance level at 361.34. A further resistance level may holdings at 369.77. The Relative Strength Index (RSI) on the 14-day chart is 52.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.68%. Stochastics %K at 73.75% indicates the stock is a holding.
How much short interest is there in Medpace Holdings Inc?
A steep rise in short interest was recorded in Medpace Holdings Inc stocks on 2024-09-30, growing by 0.37 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.86 million shares. There was a rise of 30.22%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 29, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $452 price target.
