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. SiTime Corp shares valued at $221,382 were sold by Assaderaghi Fariborz on Jan 02 ’25. At $220.94 per share, Assaderaghi Fariborz sold 1,002 shares. The insider’s holdings dropped to 100,681 shares worth approximately $23.48 million following the completion of this transaction.
Also, Pangrazio Vincent P sold 2,910 shares, netting a total of over 643,110 in proceeds. Following the sale of shares at $221.00 each, the insider now holds 63,068 shares.
Before that, Assaderaghi Fariborz had added 1,002 shares to its account. In a trade valued at $221,379, the Officer bought SiTime Corp shares for $220.94 each.
As published in a research note from Barclays on August 27, 2024, SiTime Corp [SITM] has been rated down from an Equal weight to an Underweight and the price target has been revised to $90. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of July 20, 2023, Wolfe Research has initiated its “an Outperform” rating for SITM. Earlier on May 05, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for SITM stock which previously was a “an Overweight”.
Analyzing SITM Stock Performance
During the last five days, there has been a surge of approximately 8.70%. Over the course of the year, SiTime Corp shares have jumped approximately 8.70%. Shares of the company reached a 52-week high of $247.33 on 01/06/25 and a 52-week low of $216.43 on 01/02/25. A 50-day SMA is recorded $215.95, while a 200-day SMA reached $152.19. Nevertheless, trading volume fell to 0.12 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for SiTime Corp (SITM)
According to the 24-hour chart, there is a support level at 227.27, which, if violated, would cause prices to drop to 221.34. In the upper region, resistance lies at 236.90. The next price resistance is at 240.60. RSI (Relative Strength Index) is 55.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.17, which suggests the price will increase in the coming days. Percent R is at 46.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
