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. Monolithic Power System Inc shares valued at $662,611 were sold by Xiao Deming on Nov 08 ’24. At $765.14 per share, Xiao Deming sold 866 shares. The insider’s holdings dropped to 162,239 shares worth approximately $97.58 million following the completion of this transaction.
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Also, Tseng Saria sold 866 shares, netting a total of over 662,611 in proceeds. Following the sale of shares at $765.14 each, the insider now holds 159,640 shares.
Before that, Sciammas Maurice had sold 866 shares from its account. In a trade valued at $662,611, the EVP, WW Sales & Marketing traded Monolithic Power System Inc shares for $765.14 each. Upon closing the transaction, the insider’s holdings decreased to 866 shares, worth approximately $61.93 million.
As published in their initiating research note from Loop Capital on November 12, 2024, Monolithic Power System Inc [MPWR] has been a Hold and the price target has been revised to $660. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 31, 2024, Rosenblatt has decreased its “Buy” rating to a “Neutral” for MPWR. Earlier on August 21, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for MPWR stock.
Analyzing MPWR Stock Performance
During the last five days, there has been a drop of approximately -23.41%. Over the course of the year, Monolithic Power System Inc shares have dropped approximately -4.65%. Shares of the company reached a 52-week high of $959.64 on 08/29/24 and a 52-week low of $561.08 on 01/04/24. A 50-day SMA is recorded $866.42, while a 200-day SMA reached $783.72. Nevertheless, trading volume fell to 1.59 million shares from 2.65 million shares the previous day.
Support And Resistance Levels for Monolithic Power System Inc (MPWR)
According to the 24-hour chart, there is a support level at 586.75, which, if violated, would cause prices to drop to 572.03. In the upper region, resistance lies at 628.49. The next price resistance is at 655.52. RSI (Relative Strength Index) is 20.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -148.16, which suggests the price will decrease in the coming days. Percent R is at 91.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
