Shares of Monolithic Power Systems (MPWR) Sees Large Outflow of Money

Monolithic Power Systems (MPWR) : The value of composite uptick trades was $4.92 million, whereas, the value of composite downtick trades was $8.24 million. The uptick to downtick ratio stood at 0.6 with a negative money flow of ($3.32) Million during Tuesdays trading session. The block trades money flow was negative ($2.86 million). The transaction of the trades on downticks amounted to $2.86 million, which confirms investors selling on the strength of price. Monolithic Power Systems (MPWR) gained 20 cents at $76.37, an increase of 0.26% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, Stifel Nicolaus, maintains their rating on the shares of Monolithic Power Systems (NASDAQ:MPWR). Stifel Nicolaus has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $81 per share from a prior target of $75. The rating by the firm was issued on July 14, 2016.

Shares of Monolithic Power Systems, Inc. rose by 0.61% in the last five trading days and 4.86% for the last 4 weeks. Monolithic Power Systems, Inc. is up 11.48% in the last 3-month period. Year-to-Date the stock performance stands at 20.65%.

Monolithic Power Systems (NASDAQ:MPWR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.23 and $76.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.37, notching a gain of 0.26% for the day. The total traded volume was 335,712 . The stock had closed at $76.17 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CFO) of Monolithic Power Systems Inc, Blegen Theodore had sold 051 shares worth of $3,749 in a transaction dated August 17, 2016. In this transaction, 051 shares were sold at $73.5 per share.

Monolithic Power Systems, Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS can be contacted through its Website at or its support offices around the world. The Company is headquartered in San Jose, California.

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