Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $90.89 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 $57.68 million.
As published in their initiating research note from Wells Fargo on November 22, 2024, Monolithic Power System Inc [MPWR] has been an Equal weight and the price target has been revised to $610. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of November 12, 2024, Loop Capital has initiated its “Hold” rating for MPWR. Earlier on October 31, 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 surge of approximately 0.03%. Over the course of the year, Monolithic Power System Inc shares have dropped approximately -11.18%. 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 $808.83, while a 200-day SMA reached $779.03. Nevertheless, trading volume fell to 1.24 million shares from 1.27 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 547.05, which, if violated, would cause prices to drop to 533.86. In the upper region, resistance lies at 574.63. The next price resistance is at 589.02. RSI (Relative Strength Index) is 26.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -24.03, which suggests the price will decrease in the coming days. Percent R is at 94.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
