Microvast Holdings Inc’s recently made public that its Former Director Zheng Yanzhuan acquired Company’s shares for reported $0.39 million on Nov 27 ’24. In the deal valued at $0.75 per share,522,872 shares were bought.
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Then, Zheng Yanzhuan bought 670,000 shares, generating $502,500 in total proceeds.
Before that, Balladon Yeelong bought 42,398 shares. Microvast Holdings Inc shares valued at $24,358 were divested by the Director at a price of $0.57 per share.
Janney downgraded its Microvast Holdings Inc [MVST] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Janney began covering MVST with “Buy” recommendation on August 31, 2023. H.C. Wainwright started covering the stock on April 03, 2023. It rated MVST as “a Buy”.
Price Performance Review of MVST
On Friday, Microvast Holdings Inc [NASDAQ:MVST] saw its stock jump 0.79% to $1.27. Over the last five days, the stock has gained 2.42%. Microvast Holdings Inc shares have fallen nearly -9.29% since the year began. Nevertheless, the stocks have risen 5.83% over the past one year. While a 52-week high of $1.95 was reached on 12/04/24, a 52-week low of $0.15 was recorded on 11/07/24. SMA at 50 days reached $0.5318, while 200 days put it at $0.4563.
Levels Of Support And Resistance For MVST Stock
The 24-hour chart illustrates a support level at 1.1767, which if violated will result in even more drops to 1.0833. On the upside, there is a resistance level at 1.3367. A further resistance level may holdings at 1.4033. The Relative Strength Index (RSI) on the 14-day chart is 69.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1567, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.59%. Stochastics %K at 48.92% indicates the stock is a holding.
How much short interest is there in Microvast Holdings Inc?
A steep rise in short interest was recorded in Microvast Holdings Inc stocks on 2024-11-29, dropping by -0.42 million shares to a total of 13.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.95 million shares. There was a decline of -3.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 19, 2022 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $8 price target.
