Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Monolithic Power System Inc shares valued at $1,500,000 were sold by BLEGEN THEODORE on Dec 09 ’24. At $600.00 per share, BLEGEN THEODORE sold 2,500 shares. The insider’s holdings dropped to 53,444 shares worth approximately $32.2 million following the completion of this transaction.
Also, BERNIE BLEGEN purchased 2,500 shares, netting a total of over 1,500,000 in proceeds.
Before that, Xiao Deming had sold 866 shares from its account. In a trade valued at $662,611, the EVP, Global Operations traded Monolithic Power System Inc shares for $765.14 each. Upon closing the transaction, the insider’s holdings decreased to 866 shares, worth approximately $97.73 million.
As published in their initiating research note from Citigroup on December 11, 2024, Monolithic Power System Inc [MPWR] has been a Buy and the price target has been revised to $700. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late November. As of November 18, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for MPWR. Earlier on November 12, 2024, Loop Capital initiated its rating. Their recommendation was “a Hold” for MPWR stock.
Analyzing MPWR Stock Performance
During the last five days, there has been a drop of approximately -3.59%. Over the course of the year, Monolithic Power System Inc shares have jumped approximately 1.81%. Shares of the company reached a 52-week high of $645.25 on 01/06/25 and a 52-week low of $576.42 on 01/13/25. A 50-day SMA is recorded $619.10, while a 200-day SMA reached $762.63. Nevertheless, trading volume fell to 0.57 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Monolithic Power System Inc (MPWR)
According to the 24-hour chart, there is a support level at 598.80, which, if violated, would cause prices to drop to 595.19. In the upper region, resistance lies at 608.70. The next price resistance is at 614.99. RSI (Relative Strength Index) is 46.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.60, which suggests the price will decrease in the coming days. Percent R is at 62.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
