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Insider Sale Alert: Masimo Corp [MASI] – Is it Time to sell?

Masimo Corp’s recently made public that its Director REYNOLDS CRAIG B unloaded Company’s shares for reported $5.45 million on Apr 26 ’24. In the deal valued at $136.17 per share,40,000 shares were sold. As a result of this transaction, REYNOLDS CRAIG B now holds 7,406 shares worth roughly $1.3 million.

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Raymond James upgraded its Masimo Corp [MASI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Stifel also remained covering MASI and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on March 25, 2024. It rated MASI as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of MASI

On Friday, Masimo Corp [NASDAQ:MASI] saw its stock jump 0.61% to $176.14. Over the last five days, the stock has gained 3.74%. Masimo Corp shares have risen nearly 50.28% since the year began. Nevertheless, the stocks have risen 57.75% over the past one year. While a 52-week high of $178.87 was reached on 12/11/24, a 52-week low of $101.61 was recorded on 08/05/24. SMA at 50 days reached $156.61, while 200 days put it at $133.18.

Levels Of Support And Resistance For MASI Stock

The 24-hour chart illustrates a support level at 173.71, which if violated will result in even more drops to 171.28. On the upside, there is a resistance level at 177.79. A further resistance level may holdings at 179.45. The Relative Strength Index (RSI) on the 14-day chart is 67.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.71%. Stochastics %K at 70.40% indicates the stock is a holding.

How much short interest is there in Masimo Corp?

A steep rise in short interest was recorded in Masimo Corp stocks on 2024-11-29, dropping by -0.14 million shares to a total of 3.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.35 million shares. There was a decline of -4.51%, which implies that there is a negative sentiment for the stock.

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