Motorola Solutions Inc’s recent filing unveils that its Chairman and CEO BROWN GREGORY Q unloaded Company’s shares for reported $13.84 million on Nov 14 ’24. In the deal valued at $494.38 per share,28,000 shares were sold. As a result of this transaction, BROWN GREGORY Q now holds 22,377 shares worth roughly $10.72 million.
Then, Gregory Q Brown bought 28,000 shares, generating $13,928,600 in total proceeds.
Before that, BROWN GREGORY Q sold 60,000 shares. Motorola Solutions Inc shares valued at $29,777,992 were divested by the Chairman and CEO at a price of $496.30 per share. As a result of the transaction, BROWN GREGORY Q now holds 49,166 shares, worth roughly $23.55 million.
Evercore ISI initiated its Motorola Solutions Inc [MSI] rating to an Outperform in a research note published on March 25, 2024; the price target was $400. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BofA Securities began covering MSI with “Buy” recommendation on October 09, 2023.
Price Performance Review of MSI
On Monday, Motorola Solutions Inc [NYSE:MSI] saw its stock fall -2.26% to $478.91. Over the last five days, the stock has lost -3.58%. Motorola Solutions Inc shares have risen nearly 52.96% since the year began. Nevertheless, the stocks have risen 48.10% over the past one year. While a 52-week high of $507.82 was reached on 11/11/24, a 52-week low of $307.09 was recorded on 01/05/24. SMA at 50 days reached $475.78, while 200 days put it at $404.63.
Levels Of Support And Resistance For MSI Stock
The 24-hour chart illustrates a support level at 473.81, which if violated will result in even more drops to 468.71. On the upside, there is a resistance level at 486.34. A further resistance level may holdings at 493.77. The Relative Strength Index (RSI) on the 14-day chart is 43.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.92%. Stochastics %K at 31.07% indicates the stock is a holding.
How much short interest is there in Motorola Solutions Inc?
A steep rise in short interest was recorded in Motorola Solutions Inc stocks on 2024-11-15, dropping by -0.2 million shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.58 million shares. There was a decline of -14.25%, which implies that there is a negative sentiment for the stock.
