Meanwhile, Jefferies upgraded its ST Microelectronics [STM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid February from “an Underweight” to “an Equal-weight”. BofA Securities also remained covering STM and has decreased its forecast on February 06, 2025 with a “Neutral” recommendation from previously “Buy” rating. Bernstein revised its rating on February 05, 2025. It rated STM as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of STM
On Tuesday, ST Microelectronics [NYSE:STM] saw its stock jump 4.25% to $20.86. Over the last five days, the stock has gained 1.86%. ST Microelectronics shares have fallen nearly -16.46% since the year began. Nevertheless, the stocks have fallen -47.34% over the past one year. While a 52-week high of $45.39 was reached on 02/20/25, a 52-week low of $17.25 was recorded on 04/08/25. SMA at 50 days reached $23.36, while 200 days put it at $27.34.
Levels Of Support And Resistance For STM Stock
The 24-hour chart illustrates a support level at 20.63, which if violated will result in even more drops to 20.39. On the upside, there is a resistance level at 21.02. A further resistance level may holdings at 21.17. The Relative Strength Index (RSI) on the 14-day chart is 46.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.40%. Stochastics %K at 65.44% indicates the stock is a holding.
How much short interest is there in ST Microelectronics?
A steep rise in short interest was recorded in ST Microelectronics stocks on 2025-03-31, dropping by -4.59 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14.33 million shares. There was a decline of -47.17%, which implies that there is a negative sentiment for the stock.
