MACOM Technology Solutions Holdings Inc’s recently made public that its SVP, Global Sales Hwang Donghyun Thomas unloaded Company’s shares for reported $0.18 million on Nov 06 ’24. In the deal valued at $118.38 per share,1,500 shares were sold. As a result of this transaction, Hwang Donghyun Thomas now holds 37,102 shares worth roughly $4.99 million.
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Then, JOHN KOBER III bought 1,056 shares, generating $145,384 in total proceeds.
Before that, Dennehy Robert sold 1,687 shares. MACOM Technology Solutions Holdings Inc shares valued at $191,981 were divested by the SVP, Operations at a price of $113.80 per share. As a result of the transaction, Dennehy Robert now holds 19,388 shares, worth roughly $2.61 million.
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 fall -2.44% to $134.49. Over the last five days, the stock has gained 18.18%. MACOM Technology Solutions Holdings Inc shares have risen nearly 44.69% since the year began. Nevertheless, the stocks have risen 85.73% over the past one year. While a 52-week high of $140.27 was reached on 11/07/24, a 52-week low of $72.15 was recorded on 02/06/24. SMA at 50 days reached $111.09, while 200 days put it at $102.30.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 132.48, which if violated will result in even more drops to 130.46. On the upside, there is a resistance level at 136.86. A further resistance level may holdings at 139.23. The Relative Strength Index (RSI) on the 14-day chart is 69.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.79%. Stochastics %K at 89.36% indicates the stock is a selling.
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.
