MACOM Technology Solutions Holdings Inc’s filing revealed that its Director Ritchie John unloaded Company’s shares for reported $0.41 million on Nov 25 ’24. In the deal valued at $138.02 per share,3,000 shares were sold. As a result of this transaction, Ritchie John now holds 8,640 shares worth roughly $1.18 million.
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Then, OCAMPO SUSAN sold 187,562 shares, generating $25,198,004 in total proceeds. Upon selling the shares at $134.34, the Director now owns 6,313,193 shares.
Before that, OCAMPO SUSAN sold 40,192 shares. MACOM Technology Solutions Holdings Inc shares valued at $5,361,478 were divested by the Director at a price of $133.40 per share. As a result of the transaction, OCAMPO SUSAN now holds 6,513,193 shares, worth roughly $891.66 million.
Evercore ISI initiated its MACOM Technology Solutions Holdings Inc [MTSI] rating to an Outperform in a research note published on April 16, 2024; the price target was $120. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. BofA Securities also remained covering MTSI and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on September 06, 2023. It rated MTSI as “a Buy” which previously was an “a Hold”.
Price Performance Review of MTSI
On Monday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock jump 3.07% to $136.90. Over the last five days, the stock has gained 1.78%. MACOM Technology Solutions Holdings Inc shares have risen nearly 47.28% since the year began. Nevertheless, the stocks have risen 63.01% over the past one year. While a 52-week high of $140.27 was reached on 11/07/24, a 52-week low of $79.25 was recorded on 02/06/24. SMA at 50 days reached $119.52, while 200 days put it at $105.53.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 133.70, which if violated will result in even more drops to 130.50. On the upside, there is a resistance level at 139.40. A further resistance level may holdings at 141.91. The Relative Strength Index (RSI) on the 14-day chart is 64.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.87%. Stochastics %K at 72.38% indicates the stock is a holding.
How much short interest is there in MACOM Technology Solutions Holdings Inc?
A steep rise in short interest was recorded in MACOM Technology Solutions Holdings Inc stocks on 2024-11-15, dropping by 26715.0 shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.67 million shares. There was a decline of -0.73%, which implies that there is a negative sentiment for the stock.
