View Inc.’s recent filing unveils that its 10% Owner MADRONE CAPITAL PARTNERS, LLC unloaded Company’s shares for reported $91000.0 on Dec 27. In the deal valued at $0.91 per share,100,000 shares were sold. As a result of this transaction, MADRONE CAPITAL PARTNERS, LLC now holds 30,996,469 shares worth roughly $ 17.05 million.
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Then, Mulpuri Rao bought 59,930 shares, generating $83,303 in total proceeds. Upon buying the shares at $1.39, the Chief Executive Officer now owns 211,166 shares.
Before that, Mulpuri Rao bought 33,275 shares. View Inc. shares valued at $46,585 were divested by the Chief Executive Officer at a price of $1.40 per share. As a result of the transaction, Mulpuri Rao now holds 151,236 shares, worth roughly $83179.8.
Raymond James downgraded its View Inc. [VIEW] rating to a Mkt perform from a an Outperform in a research note published on Monday. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. Raymond James began covering VIEW with “an Outperform” recommendation on May 19, 2021. Goldman started covering the stock on April 26, 2021. It rated VIEW as “a Buy”.
Price Performance Review of VIEW
On Monday, View Inc. [NASDAQ:VIEW] saw its stock jump 2.85% to $0.55. On the same session, the stock had its day’s lowest price of $0.5302, but rose to a high of $0.6237. Over the last five days, the stock has lost -4.48%. View Inc. shares have fallen nearly -43.50% since the year began. Nevertheless, the stocks have fallen -63.65% over the past one year. While a 52-week high of $3.10 was reached on 02/03/23, a 52-week low of $0.37 was recorded on 03/10/23. SMA at 50 days reached $0.7421, while 200 days put it at $1.3776. A total of 0.68 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For VIEW Stock
The 24-hour chart illustrates a support level at 0.5090, which if violated will result in even more drops to 0.4729. On the upside, there is a resistance level at 0.6025. A further resistance level may holdings at 0.6599. The Relative Strength Index (RSI) on the 14-day chart is 33.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0416, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.29%. Stochastics %K at 10.38% indicates the stock is a buying.
How much short interest is there in View Inc.?
A steep rise in short interest was recorded in View Inc. stocks on Jan 12, 2023, dropping by -5.47 million shares to a total of 7.96 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 13.43 million shares. There was a decline of -68.72%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.98.
View Inc. [VIEW] – Who Are The Largest Shareholders?
In filings from Madrone Advisors LLC, it is revealed that the company now owns 30,996,470 shares, or roughly 13.01% of the outstanding VIEW shares.. Over the last quarter, BNP Paribas Asset Management UK L purchased 1,866,332 shares of View Inc., while GIC Pte Ltd. bought -9,371,106 shares. At present, SSgA Funds Management, Inc. is holding 6,086,748 shares valued at $3.87 million. BlackRock Fund Advisors owned 6,014,657 shares of the company at the time of its most recent 13F filing, worth $3.82 million.
According to FactSet, View Inc.’s share price will average $3.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 466.04 percent from its previous closing price of $0.53. Analysts expect View Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $3.00. However, 1 analyst have rated VIEW stock as a Hold in their predictions for 2023. The most recent change occurred on March 23, 2021 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16 price target.