Microchip Technology, Inc’s recently made public that its SENIOR VP AND CFO Bjornholt James Eric unloaded Company’s shares for reported $0.32 million on Nov 25 ’24. In the deal valued at $67.75 per share,4,688 shares were sold. As a result of this transaction, Bjornholt James Eric now holds 33,272 shares worth roughly $2.06 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Bjornholt James Eric bought 4,688 shares, generating $317,121 in total proceeds.
Before that, Bjornholt James Eric sold 2,154 shares. Microchip Technology, Inc shares valued at $175,551 were divested by the Senior VP and CFO at a price of $81.50 per share. As a result of the transaction, Bjornholt James Eric now holds 33,257 shares, worth roughly $2.06 million.
TD Cowen reiterated its Microchip Technology, Inc [MCHP] rating to a Hold in a research note published on November 06, 2024; the price target was $70. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Piper Sandler also remained covering MCHP and has increased its forecast on August 16, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on August 02, 2024. It rated MCHP as “a Hold”.
Price Performance Review of MCHP
On Tuesday, Microchip Technology, Inc [NASDAQ:MCHP] saw its stock jump 0.08% to $61.92. Over the last five days, the stock has lost -5.31%. Microchip Technology, Inc shares have fallen nearly -31.34% since the year began. Nevertheless, the stocks have fallen -28.07% over the past one year. While a 52-week high of $100.57 was reached on 05/24/24, a 52-week low of $57.96 was recorded on 12/05/24. SMA at 50 days reached $71.68, while 200 days put it at $83.28.
Levels Of Support And Resistance For MCHP Stock
The 24-hour chart illustrates a support level at 60.90, which if violated will result in even more drops to 59.88. On the upside, there is a resistance level at 62.48. A further resistance level may holdings at 63.03. The Relative Strength Index (RSI) on the 14-day chart is 38.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.86%. Stochastics %K at 23.34% indicates the stock is a holding.
How much short interest is there in Microchip Technology, Inc?
A steep rise in short interest was recorded in Microchip Technology, Inc stocks on 2024-11-29, dropping by -0.22 million shares to a total of 30.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 30.31 million shares. There was a decline of -0.72%, which implies that there is a negative sentiment for the stock.
