Maravai LifeSciences Holdings Inc’s recent filing unveils that its Director GTCR INVESTMENT XI LLC unloaded Company’s shares for reported $97.57 million on May 28 ’24. In the deal valued at $9.81 per share,9,940,974 shares were sold. As a result of this transaction, GTCR INVESTMENT XI LLC now holds 20,150,005 shares worth roughly $102.16 million.
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William Blair downgraded its Maravai LifeSciences Holdings Inc [MRVI] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering MRVI and has decreased its forecast on August 13, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Craig Hallum started covering the stock on April 10, 2024. It rated MRVI as “a Buy”.
Price Performance Review of MRVI
On Friday, Maravai LifeSciences Holdings Inc [NASDAQ:MRVI] saw its stock fall -35.27% to $5.07. Over the last five days, the stock has lost -31.97%. Maravai LifeSciences Holdings Inc shares have fallen nearly -22.52% since the year began. Nevertheless, the stocks have risen 7.98% over the past one year. While a 52-week high of $11.56 was reached on 05/17/24, a 52-week low of $4.52 was recorded on 11/08/24. SMA at 50 days reached $8.10, while 200 days put it at $8.12.
Levels Of Support And Resistance For MRVI Stock
The 24-hour chart illustrates a support level at 4.80, which if violated will result in even more drops to 4.53. On the upside, there is a resistance level at 5.25. A further resistance level may holdings at 5.42. The Relative Strength Index (RSI) on the 14-day chart is 25.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.34%. Stochastics %K at 45.86% indicates the stock is a holding.
How much short interest is there in Maravai LifeSciences Holdings Inc?
A steep rise in short interest was recorded in Maravai LifeSciences Holdings Inc stocks on 2024-10-15, growing by 1.05 million shares to a total of 8.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.91 million shares. There was a rise of 11.76%, which implies that there is a positive sentiment for the stock.
