The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MACOM Technology Solutions Holdings Inc shares valued at $898,406 were sold by Dennehy Robert on Dec 10 ’24. At $136.39 per share, Dennehy Robert sold 6,587 shares. The insider’s holdings dropped to 24,619 shares worth approximately $3.37 million following the completion of this transaction.
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
Also, Roth Ambra R. sold 1,366 shares, netting a total of over 189,970 in proceeds. Following the sale of shares at $139.07 each, the insider now holds 6,564 shares.
Before that, Roth Ambra R. had sold 13,980 shares from its account. In a trade valued at $1,985,581, the SVP, GC and Secretary traded MACOM Technology Solutions Holdings Inc shares for $142.03 each. Upon closing the transaction, the insider’s holdings decreased to 13,980 shares, worth approximately $1.09 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, MACOM Technology Solutions Holdings Inc [MTSI] has been an Outperform and the price target has been revised to $120. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 15, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for MTSI. Earlier on September 06, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MTSI stock which previously was a “a Hold”.
Analyzing MTSI Stock Performance
During the last five days, there has been a surge of approximately 0.32%. Over the course of the year, MACOM Technology Solutions Holdings Inc shares have jumped approximately 47.32%. Shares of the company reached a 52-week high of $143.90 on 12/04/24 and a 52-week low of $79.25 on 02/06/24. A 50-day SMA is recorded $126.91, while a 200-day SMA reached $108.77. Nevertheless, trading volume fell to 0.99 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for MACOM Technology Solutions Holdings Inc (MTSI)
According to the 24-hour chart, there is a support level at 132.71, which, if violated, would cause prices to drop to 128.49. In the upper region, resistance lies at 139.79. The next price resistance is at 142.64. RSI (Relative Strength Index) is 54.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 51.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
