Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SiTime Corp shares valued at $27,360,000 were sold by MEGACHIPS CORP /FI on Mar 13 ’25. At $152.00 per share, MEGACHIPS CORP /FI sold 180,000 shares. The insider’s holdings dropped to 3,820,000 shares worth approximately $494.58 million following the completion of this transaction.
Also, MEGACHIPS CORP /FI purchased 180,000 shares, netting a total of over 28,000,000 in proceeds.
Before that, Assaderaghi Fariborz had sold 1,267 shares from its account. In a trade valued at $228,060, the insider traded SiTime Corp shares for $180.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,267 shares, worth approximately $14.87 million.
As published in a research note from Barclays on August 27, 2024, SiTime Corp [SITM] has been rated down from an Equal weight to an Underweight and the price target has been revised to $90. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of July 20, 2023, Wolfe Research has initiated its “an Outperform” rating for SITM. Earlier on May 05, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for SITM stock which previously was a “an Overweight”.
Analyzing SITM Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, SiTime Corp shares have dropped approximately -39.65%. Shares of the company reached a 52-week high of $261.62 on 01/22/25 and a 52-week low of $105.40 on 04/04/25. A 50-day SMA is recorded $160.54, while a 200-day SMA reached $176.64.
Support And Resistance Levels for SiTime Corp (SITM)
According to the 24-hour chart, there is a support level at 126.29, which, if violated, would cause prices to drop to 123.10. In the upper region, resistance lies at 131.83. The next price resistance is at 134.18. RSI (Relative Strength Index) is 41.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 56.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
