2024-06-25 10:57:50 ET
Summary
- The direction of the stock has been clear for quite some time with the stock trending higher, but that could change in the near future.
- The stock has risen, but so too is short interest and it is worth knowing that an important shareholder is busy selling shares.
- Earnings growth has not increased like the stock price has, which shows up in the way multiples are going up.
- If the existing trend in the stock holds, long MTSI will keep onrewarding, but that does not mean trends are not subject to change.
...
Read the full article on Seeking Alpha
For further details see:
MACOM Technology Solutions Holdings: Why A Change In Direction Could Be Near