In a filing, Monolithic Power System Inc revealed its EVP, Global Operations Xiao Deming unloaded Company’s shares for reported $0.66 million on Nov 08 ’24. In the deal valued at $765.14 per share,866 shares were sold. As a result of this transaction, Xiao Deming now holds 162,239 shares worth roughly $93.02 million.
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Then, Tseng Saria sold 866 shares, generating $662,611 in total proceeds. Upon selling the shares at $765.14, the EVP & General Counsel now owns 159,640 shares.
Before that, Sciammas Maurice sold 866 shares. Monolithic Power System Inc shares valued at $662,611 were divested by the EVP, WW Sales & Marketing at a price of $765.14 per share. As a result of the transaction, Sciammas Maurice now holds 102,963 shares, worth roughly $59.04 million.
Loop Capital initiated its Monolithic Power System Inc [MPWR] rating to a Hold in a research note published on November 12, 2024; the price target was $660. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt also remained covering MPWR and has decreased its forecast on October 31, 2024 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen maintained its rating on August 21, 2024. It rated MPWR as “a Buy”.
Price Performance Review of MPWR
On Friday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock fall -0.59% to $573.38. Over the last five days, the stock has lost -24.68%. Monolithic Power System Inc shares have fallen nearly -9.10% since the year began. Nevertheless, the stocks have risen 4.71% over the past one year. While a 52-week high of $959.64 was reached on 08/29/24, a 52-week low of $532.86 was recorded on 01/04/24. SMA at 50 days reached $856.47, while 200 days put it at $783.39.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 559.95, which if violated will result in even more drops to 546.52. On the upside, there is a resistance level at 588.65. A further resistance level may holdings at 603.92. The Relative Strength Index (RSI) on the 14-day chart is 19.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -149.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.91%. Stochastics %K at 4.16% indicates the stock is a buying.
How much short interest is there in Monolithic Power System Inc?
A steep rise in short interest was recorded in Monolithic Power System Inc stocks on 2024-10-31, dropping by 62839.0 shares to a total of 1.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.56 million shares. There was a decline of -4.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 08, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $800.
