Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SiTime Corp shares valued at $690,920 were sold by Ahamad Samsheer on Nov 01 ’24. At $172.73 per share, Ahamad Samsheer sold 4,000 shares. The insider’s holdings dropped to 78,979 shares worth approximately $17.81 million following the completion of this transaction.
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Also, Assaderaghi Fariborz sold 1,004 shares, netting a total of over 173,401 in proceeds. Following the sale of shares at $172.71 each, the insider now holds 109,574 shares.
Before that, Assaderaghi Fariborz had added 1,004 shares to its account. In a trade valued at $173,398, the Officer bought SiTime Corp shares for $172.71 each.
As published in a research note from Barclays on August 27, 2024, SiTime Corp [SITM] has been rated down from an Equal weight to an Underweight and the price target has been revised to $90. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of July 20, 2023, Wolfe Research has initiated its “an Outperform” rating for SITM. Earlier on May 05, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for SITM stock which previously was a “an Overweight”.
Analyzing SITM Stock Performance
During the last five days, there has been a surge of approximately 33.43%. Over the course of the year, SiTime Corp shares have jumped approximately 84.72%. Shares of the company reached a 52-week high of $227.63 on 11/07/24 and a 52-week low of $72.39 on 04/22/24. A 50-day SMA is recorded $167.59, while a 200-day SMA reached $127.30. Nevertheless, trading volume fell to 0.56 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for SiTime Corp (SITM)
According to the 24-hour chart, there is a support level at 201.29, which, if violated, would cause prices to drop to 177.08. In the upper region, resistance lies at 238.68. The next price resistance is at 251.84. RSI (Relative Strength Index) is 76.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.23, which suggests the price will increase in the coming days. Percent R is at 3.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
