The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MACOM Technology Solutions Holdings Inc shares valued at $191,981 were sold by Dennehy Robert on Nov 05 ’24. At $113.80 per share, Dennehy Robert sold 1,687 shares. The insider’s holdings dropped to 19,388 shares worth approximately $2.7 million following the completion of this transaction.
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Also, DONGHYUN THOMAS HWANG purchased 1,500 shares, netting a total of over 177,570 in proceeds.
Before that, ROBERT DENNEHY had added 10,813 shares to its account. In a trade valued at $1,230,519, the Officer bought MACOM Technology Solutions Holdings Inc shares for $113.80 each.
As published in their initiating research note from Evercore ISI on April 16, 2024, MACOM Technology Solutions Holdings Inc [MTSI] has been an Outperform and the price target has been revised to $120. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 15, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for MTSI. Earlier on September 06, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MTSI stock which previously was a “a Hold”.
Analyzing MTSI Stock Performance
During the last five days, there has been a surge of approximately 23.79%. Over the course of the year, MACOM Technology Solutions Holdings Inc shares have jumped approximately 49.69%. Shares of the company reached a 52-week high of $140.27 on 11/07/24 and a 52-week low of $79.25 on 02/06/24. A 50-day SMA is recorded $110.02, while a 200-day SMA reached $101.83. Nevertheless, trading volume fell to 1.48 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for MACOM Technology Solutions Holdings Inc (MTSI)
According to the 24-hour chart, there is a support level at 133.00, which, if violated, would cause prices to drop to 126.87. In the upper region, resistance lies at 142.77. The next price resistance is at 146.41. RSI (Relative Strength Index) is 76.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.80, which suggests the price will increase in the coming days. Percent R is at 3.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
