Monolithic Power System Inc’s recently made public that its Officer BERNIE BLEGEN acquired Company’s shares for reported $1.93 million on Nov 01 ’24. In the deal valued at $772.96 per share,2,500 shares were bought.
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Then, Sciammas Maurice sold 11,000 shares, generating $10,225,485 in total proceeds. Upon selling the shares at $929.59, the EVP, WW Sales & Marketing now owns 103,829 shares.
Before that, MAURICE SCIAMMAS bought 11,000 shares. Monolithic Power System Inc shares valued at $10,225,471 were divested by the Officer at a price of $929.59 per share.
TD Cowen reiterated its Monolithic Power System Inc [MPWR] rating to a Buy in a research note published on October 31, 2024; the price target was $975. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. TD Cowen also remained covering MPWR and reiterated its “Buy” recommendation on August 21, 2024. TD Cowen maintained its rating on February 08, 2024. It rated MPWR as “an Outperform”.
Price Performance Review of MPWR
On Friday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock jump 0.01% to $759.37. Over the last five days, the stock has lost -15.75%. Monolithic Power System Inc shares have risen nearly 20.39% since the year began. Nevertheless, the stocks have risen 66.32% over the past one year. While a 52-week high of $959.64 was reached on 08/29/24, a 52-week low of $432.64 was recorded on 01/04/24. SMA at 50 days reached $897.09, while 200 days put it at $779.97.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 747.16, which if violated will result in even more drops to 734.96. On the upside, there is a resistance level at 780.15. A further resistance level may holdings at 800.94. The Relative Strength Index (RSI) on the 14-day chart is 30.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -68.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.84%. Stochastics %K at 29.24% 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 December 26, 2023 when Rosenblatt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $750.
