In a filing, SiTime Corp revealed its insider Assaderaghi Fariborz unloaded Company’s shares for reported $0.22 million on Jan 02 ’25. In the deal valued at $220.94 per share,1,002 shares were sold. As a result of this transaction, Assaderaghi Fariborz now holds 100,681 shares worth roughly $25.27 million.
Then, Pangrazio Vincent P sold 2,910 shares, generating $643,110 in total proceeds. Upon selling the shares at $221.00, the insider now owns 63,068 shares.
Before that, Assaderaghi Fariborz bought 1,002 shares. SiTime Corp shares valued at $221,379 were divested by the Officer at a price of $220.94 per share.
Barclays downgraded its SiTime Corp [SITM] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Wolfe Research began covering SITM with “an Outperform” recommendation on July 20, 2023. Barclays revised its rating on May 05, 2023. It rated SITM as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SITM
On Friday, SiTime Corp [NASDAQ:SITM] saw its stock jump 3.31% to $250.97. Over the last five days, the stock has gained 8.47%. SiTime Corp shares have risen nearly 16.99% since the year began. Nevertheless, the stocks have risen 118.42% over the past one year. While a 52-week high of $268.18 was reached on 01/17/25, a 52-week low of $72.39 was recorded on 01/02/25. SMA at 50 days reached $223.27, while 200 days put it at $156.57.
Levels Of Support And Resistance For SITM Stock
The 24-hour chart illustrates a support level at 246.34, which if violated will result in even more drops to 241.72. On the upside, there is a resistance level at 254.02. A further resistance level may holdings at 257.08. The Relative Strength Index (RSI) on the 14-day chart is 64.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.57%. Stochastics %K at 89.02% indicates the stock is a selling.
How much short interest is there in SiTime Corp?
A steep rise in short interest was recorded in SiTime Corp stocks on 2024-12-31, dropping by 98691.0 shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.47 million shares. There was a decline of -7.18%, which implies that there is a negative sentiment for the stock.
