Medpace Holdings Inc’s recently made public that its Director Kraft Robert O. unloaded Company’s shares for reported $1.7 million on Aug 22 ’24. In the deal valued at $390.73 per share,4,353 shares were sold. As a result of this transaction, Kraft Robert O. now holds 520 shares worth roughly $0.18 million.
Then, Kraft Robert O. sold 3,774 shares, generating $1,474,615 in total proceeds. Upon selling the shares at $390.73, the Director now owns 520 shares.
Before that, Kraft Robert O. bought 4,353 shares. Medpace Holdings Inc shares valued at $1,700,858 were divested by the Director at a price of $390.73 per share.
Robert W. Baird downgraded its Medpace Holdings Inc [MEDP] rating to a Neutral from a an Outperform in a research note published on October 23, 2024; the price target was decreased to $349 from $413. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. UBS also remained covering MEDP and has decreased its forecast on September 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on September 25, 2024. It rated MEDP as “a Hold” which previously was an “a Buy”.
Price Performance Review of MEDP
On Friday, Medpace Holdings Inc [NASDAQ:MEDP] saw its stock jump 0.16% to $337.35. Over the last five days, the stock has lost -3.85%. Medpace Holdings Inc shares have risen nearly 1.54% since the year began. Nevertheless, the stocks have risen 18.42% over the past one year. While a 52-week high of $459.77 was reached on 01/10/25, a 52-week low of $281.16 was recorded on 01/14/25. SMA at 50 days reached $341.21, while 200 days put it at $369.69.
Levels Of Support And Resistance For MEDP Stock
The 24-hour chart illustrates a support level at 333.92, which if violated will result in even more drops to 330.50. On the upside, there is a resistance level at 342.31. A further resistance level may holdings at 347.28. The Relative Strength Index (RSI) on the 14-day chart is 47.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.27%. Stochastics %K at 29.02% indicates the stock is a holding.
How much short interest is there in Medpace Holdings Inc?
A steep rise in short interest was recorded in Medpace Holdings Inc stocks on 2024-12-31, growing by 16238.0 shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.14 million shares. There was a rise of 1.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 01, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $415 price target.
