Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Medpace Holdings Inc shares valued at $1,700,848 were sold by Kraft Robert O. on Aug 22 ’24. At $390.73 per share, Kraft Robert O. sold 4,353 shares. The insider’s holdings dropped to 520 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Kraft Robert O. sold 3,774 shares, netting a total of over 1,474,615 in proceeds. Following the sale of shares at $390.73 each, the insider now holds 520 shares.
Before that, Kraft Robert O. had added 4,353 shares to its account. In a trade valued at $1,700,858, the Director bought Medpace Holdings Inc shares for $390.73 each.
As published in a research note from Robert W. Baird on October 23, 2024, Medpace Holdings Inc [MEDP] has been rated down from an Outperform to a Neutral and the price target has been revised to $349 from $413. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of September 27, 2024, UBS has decreased its “Buy” rating to a “Neutral” for MEDP. Earlier on September 25, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for MEDP stock which previously was a “a Buy”.
Analyzing MEDP Stock Performance
During the last five days, there has been a surge of approximately 12.54%. Over the course of the year, Medpace Holdings Inc shares have jumped approximately 16.88%. Shares of the company reached a 52-week high of $459.77 on 07/17/24 and a 52-week low of $277.72 on 01/16/24. A 50-day SMA is recorded $342.20, while a 200-day SMA reached $376.95. Nevertheless, trading volume fell to 0.65 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Medpace Holdings Inc (MEDP)
According to the 24-hour chart, there is a support level at 342.80, which, if violated, would cause prices to drop to 327.33. In the upper region, resistance lies at 367.32. The next price resistance is at 376.36. RSI (Relative Strength Index) is 61.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.40, which suggests the price will increase in the coming days. Percent R is at 9.81%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
