Monolithic Power System Inc’s recently made public that its EVP and CFO BLEGEN THEODORE unloaded Company’s shares for reported $1.5 million on Dec 09 ’24. In the deal valued at $600.00 per share,2,500 shares were sold. As a result of this transaction, BLEGEN THEODORE now holds 53,444 shares worth roughly $31.6 million.
Then, BERNIE BLEGEN bought 2,500 shares, generating $1,500,000 in total proceeds.
Before that, Xiao Deming sold 866 shares. Monolithic Power System Inc shares valued at $662,611 were divested by the EVP, Global Operations at a price of $765.14 per share. As a result of the transaction, Xiao Deming now holds 162,239 shares, worth roughly $95.92 million.
Citigroup initiated its Monolithic Power System Inc [MPWR] rating to a Buy in a research note published on December 11, 2024; the price target was $700. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Loop Capital also remained covering MPWR and has increased its forecast on November 18, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital started covering the stock on November 12, 2024. It rated MPWR as “a Hold”.
Price Performance Review of MPWR
On Friday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock fall -4.79% to $591.23. Over the last five days, the stock has lost -0.50%. Monolithic Power System Inc shares have fallen nearly -0.08% since the year began. Nevertheless, the stocks have fallen -0.42% over the past one year. While a 52-week high of $959.64 was reached on 01/06/25, a 52-week low of $546.71 was recorded on 01/10/25. SMA at 50 days reached $635.76, while 200 days put it at $763.82.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 577.35, which if violated will result in even more drops to 563.47. On the upside, there is a resistance level at 609.82. A further resistance level may holdings at 628.40. The Relative Strength Index (RSI) on the 14-day chart is 42.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 85.49%. Stochastics %K at 45.78% indicates the stock is a holding.
How much short interest is there in Monolithic Power System Inc?
A steep rise in short interest was recorded in Monolithic Power System Inc stocks on 2024-12-13, dropping by -0.19 million shares to a total of 2.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.52 million shares. There was a decline of -8.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 31, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $975.
