Saturday, June 25, 2022

MoneyLion Inc. [ML] CEO, President and Director makes an insider purchase of 32,942 shares worth 49008.0.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MoneyLion Inc. shares valued at $49,008 were purchased by Choubey Diwakar on May 20. At $1.49 per share, Choubey Diwakar acquired 32,942 shares. The insider’s holdings grew to 18,772,285 shares worth approximately $29.66 million following the completion of this transaction.

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Also, Chrystal John C purchased 100,000 shares, netting a total of over 206,000 in proceeds. Following the buying of shares at $2.06 each, the insider now holds 297,846 shares.

Before that, Derella Matthew had added 123,243 shares to its account. In a trade valued at $253,277, the Director bought MoneyLion Inc. shares for $2.06 each. Upon closing the transaction, the insider’s holdings increased to 123,243 shares, worth approximately $0.27 million.

As published in their initiating research note from Cantor Fitzgerald on November 22, 2021, MoneyLion Inc. [ML] has been an Overweight and the price target has been revised to $8. This represents a 80.25% premium over Thursday’s closing price. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early November.

Analyzing ML’s Price Performance

On Thursday, MoneyLion Inc. [NYSE: ML] rose 5.33% to $1.58. The stock’s lowest price that day was $1.46, but it reached a high of $1.58 in the same session. During the last five days, there has been a surge of approximately 3.95%. Over the course of the year, MoneyLion Inc. shares have dropped approximately -60.79%. Shares of the company reached a 52-week high of $4.2400 on 01/03/22 and a 52-week low of $1.1700 on 05/11/22. A 50-day SMA is recorded $1.7230, while a 200-day SMA reached $3.7511. Nevertheless, trading volume fell to 2.14 million shares from 2.49 million shares the previous day.

Support And Resistance Levels for MoneyLion Inc. (ML)

According to the 24-hour chart, there is a support level at 1.5000, which, if violated, would cause prices to drop to 1.4200. In the upper region, resistance lies at 1.6200. The next price resistance is at 1.6600. RSI (Relative Strength Index) is 48.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0407, which suggests the price will decrease in the coming days. Percent R is at 55.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is MoneyLion Inc. subject to short interest?

Stocks of MoneyLion Inc. saw a sharp steep in short interest on May 30, 2022 dropping by -0.87 million shares to 0.98 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 1.85 million shares. A decline of -88.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.58 of the overall float, the days-to-cover ratio (short ratio) decline to 0.58.

Which companies own the most shares of MoneyLion Inc. (ML)?

According to Macquarie Investment Management L filings, the company currently owns 4,950,940 shares, which is about 2.10% of the total ML shares outstanding. The investor’s shares have plunged by -267,427 from its previous 13-F filing of 5218367.0 shares. With the completion of the buy transaction, Peak6 Capital Management LLC’s stake is now worth $7,594,655. Water Island Capital LLC acquire a 22.97% interest valued at $6.35 million while The Vanguard Group, Inc. purchased a 1,580,565 stake. A total of 1,089,608 shares of MoneyLion Inc. were bought by Stifel Nicolaus & Co., Inc. during the quarter, and 0 were sold by Gillson Capital LP. In its current portfolio, Glenmede Investment Management LP holds 1,267,994 shares valued at $2.23 million.

In terms of MoneyLion Inc. share price expectations, FactSet research, analysts set an average price target of $5.50 in the next 12 months, up nearly 266.67% from the previous closing price of $1.50. Analysts anticipate MoneyLion Inc. stock to reach $6.00 by 2022, with the lowest price target being $5.00. In spite of this, 2 analysts ranked MoneyLion Inc. stock as a Buy at the end of 2022.

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