MACOM Technology Solutions Holdings Inc’s filing revealed that its President and CEO Daly Stephen G unloaded Company’s shares for reported $0.8 million on Oct 31 ’24. In the deal valued at $112.53 per share,7,122 shares were sold. As a result of this transaction, Daly Stephen G now holds 55,826 shares worth roughly $6.35 million.
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Then, Daly Stephen G sold 2,629 shares, generating $313,963 in total proceeds. Upon selling the shares at $119.42, the President and CEO now owns 62,948 shares.
Before that, STEPHEN DALY bought 7,122 shares. MACOM Technology Solutions Holdings Inc shares valued at $839,043 were divested by the Director at a price of $117.81 per share.
Evercore ISI initiated its MACOM Technology Solutions Holdings Inc [MTSI] rating to an Outperform in a research note published on April 16, 2024; the price target was $120. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. BofA Securities also remained covering MTSI and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on September 06, 2023. It rated MTSI as “a Buy” which previously was an “a Hold”.
Price Performance Review of MTSI
On Monday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock jump 1.02% to $113.80. Over the last five days, the stock has lost -3.18%. MACOM Technology Solutions Holdings Inc shares have risen nearly 22.43% since the year began. Nevertheless, the stocks have risen 56.43% over the past one year. While a 52-week high of $122.60 was reached on 10/28/24, a 52-week low of $71.01 was recorded on 02/06/24. SMA at 50 days reached $108.75, while 200 days put it at $101.31.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 111.87, which if violated will result in even more drops to 109.93. On the upside, there is a resistance level at 115.54. A further resistance level may holdings at 117.27. The Relative Strength Index (RSI) on the 14-day chart is 51.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.26%. Stochastics %K at 16.38% indicates the stock is a buying.
How much short interest is there in MACOM Technology Solutions Holdings Inc?
A steep rise in short interest was recorded in MACOM Technology Solutions Holdings Inc stocks on 2024-10-15, growing by 0.15 million shares to a total of 3.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.52 million shares. There was a rise of 4.06%, which implies that there is a positive sentiment for the stock.
