In a filing, Monolithic Power System Inc revealed 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 $93.58 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $53.34 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 Friday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock jump 0.14% to $901.29. Over the last five days, the stock has lost -1.64%. Monolithic Power System Inc shares have risen nearly 42.88% since the year began. Nevertheless, the stocks have risen 125.47% 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 $903.69, while 200 days put it at $773.45.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 893.24, which if violated will result in even more drops to 885.20. On the upside, there is a resistance level at 917.30. A further resistance level may holdings at 933.32. The Relative Strength Index (RSI) on the 14-day chart is 49.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.47%. Stochastics %K at 37.90% 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 2024-10-15, dropping by -0.13 million shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.43 million shares. There was a decline of -10.34%, which implies that there is a negative 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.
