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. Motorcar Parts of America Inc shares valued at $8,496 were purchased by Ferguson Joseph Edwin on Nov 29 ’24. At $7.08 per share, Ferguson Joseph Edwin acquired 1,200 shares. The insider’s holdings grew to 45,608 shares worth approximately $0.41 million following the completion of this transaction.
Also, Bryan David purchased 2,000 shares, netting a total of over 13,668 in proceeds. Following the buying of shares at $6.83 each, the insider now holds 54,354 shares.
Before that, Gay Philip had added 5,000 shares to its account. In a trade valued at $35,100, the Director bought Motorcar Parts of America Inc shares for $7.02 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $44650.0.
As published in their initiating research note from Cantor Fitzgerald on December 20, 2024, Motorcar Parts of America Inc [MPAA] has been an Overweight and the price target has been revised to $14. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August.
Analyzing MPAA Stock Performance
During the last five days, there has been a surge of approximately 0.22%. Over the course of the year, Motorcar Parts of America Inc shares have jumped approximately 17.50%. Shares of the company reached a 52-week high of $11.89 on 02/26/25 and a 52-week low of $5.38 on 02/07/25. A 50-day SMA is recorded $9.59, while a 200-day SMA reached $7.32.
Support And Resistance Levels for Motorcar Parts of America Inc (MPAA)
According to the 24-hour chart, there is a support level at 8.41, which, if violated, would cause prices to drop to 7.88. In the upper region, resistance lies at 9.26. The next price resistance is at 9.58. RSI (Relative Strength Index) is 44.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 49.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
