In a filing, Microvast Holdings Inc revealed its former director Zheng Yanzhuan acquired Company’s shares for reported $0.5 million on Nov 26 ’24. In the deal valued at $0.75 per share,670,000 shares were bought.
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Then, Balladon Yeelong bought 42,398 shares, generating $24,358 in total proceeds.
Before that, Stephen A. Vogel bought 236,055 shares. Microvast Holdings Inc shares valued at $66,095 were divested by the Former Board Member at a price of $0.28 per share.
Janney downgraded its Microvast Holdings Inc [MVST] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Janney began covering MVST with “Buy” recommendation on August 31, 2023. H.C. Wainwright started covering the stock on April 03, 2023. It rated MVST as “a Buy”.
Price Performance Review of MVST
On Tuesday, Microvast Holdings Inc [NASDAQ:MVST] saw its stock jump 2.66% to $0.75. Over the last five days, the stock has gained 19.27%. Microvast Holdings Inc shares have fallen nearly -46.76% since the year began. Nevertheless, the stocks have fallen -27.64% over the past one year. While a 52-week high of $1.55 was reached on 01/02/24, a 52-week low of $0.15 was recorded on 11/07/24. SMA at 50 days reached $0.3174, while 200 days put it at $0.4373.
Levels Of Support And Resistance For MVST Stock
The 24-hour chart illustrates a support level at 0.6950, which if violated will result in even more drops to 0.6447. On the upside, there is a resistance level at 0.7912. A further resistance level may holdings at 0.8371. The Relative Strength Index (RSI) on the 14-day chart is 73.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1723, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.91%. Stochastics %K at 62.43% indicates the stock is a holding.
How much short interest is there in Microvast Holdings Inc?
A steep rise in short interest was recorded in Microvast Holdings Inc stocks on 2024-11-15, growing by 10.65 million shares to a total of 24.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.46 million shares. There was a rise of 44.17%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 19, 2022 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $8 price target.
