Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $90.86 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 $57.67 million.
As published in a research note from Loop Capital on November 18, 2024, Monolithic Power System Inc [MPWR] has been rated up from a Hold to a Buy and the price target has been revised to $660. Analysts at Loop Capital started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of October 31, 2024, TD Cowen has reiterated its “Buy” rating for MPWR. Earlier on October 31, 2024, Rosenblatt downgraded its rating. Their new recommendation was “a Neutral” for MPWR stock which previously was a “a Buy”.
Analyzing MPWR Stock Performance
During the last five days, there has been a drop of approximately -6.88%. Over the course of the year, Monolithic Power System Inc shares have dropped approximately -11.21%. Shares of the company reached a 52-week high of $959.64 on 08/29/24 and a 52-week low of $546.71 on 11/20/24. A 50-day SMA is recorded $839.56, while a 200-day SMA reached $782.48. Nevertheless, trading volume fell to 1.66 million shares from 1.2 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 542.18, which, if violated, would cause prices to drop to 524.29. In the upper region, resistance lies at 582.47. The next price resistance is at 604.88. RSI (Relative Strength Index) is 20.55 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -92.61, which suggests the price will decrease in the coming days. Percent R is at 94.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
