Match Group Inc.’s recently made public that its Chief Bus. Affairs & Leg. Off. Sine Jared F. unloaded Company’s shares for reported $23690.0 on Sep 01. In the deal valued at $47.38 per share,500 shares were sold. As a result of this transaction, Sine Jared F. now holds 31,685 shares worth roughly $ 1.36 million.
Then, MCDANIEL ANN sold 8,735 shares, generating $400,256 in total proceeds. Upon selling the shares at $45.82, the Director now owns 12,516 shares.
Before that, Sine Jared F. sold 500 shares. Match Group Inc. shares valued at $22,830 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $45.66 per share. As a result of the transaction, Sine Jared F. now holds 32,185 shares, worth roughly $1.38 million.
BTIG Research upgraded its Match Group Inc. [MTCH] rating to a Buy from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 28.65 to its Monday closing price.
Price Performance Review of MTCH
On Monday, Match Group Inc. [NASDAQ:MTCH] saw its stock fall -3.04% to $42.81. On the same session, the stock had its day’s lowest price of $42.75, but rose to a high of $43.94. Over the last five days, the stock has lost -1.65%. Match Group Inc. shares have risen nearly 3.18% since the year began. Nevertheless, the stocks have fallen -26.01% over the past one year. While a 52-week high of $56.64 was reached on 01/31/23, a 52-week low of $30.73 was recorded on 05/15/23. SMA at 50 days reached $45.17, while 200 days put it at $41.74. A total of 4.78 million shares were traded, compared to the trading of 5.62 million shares in the previous session.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 42.39, which if violated will result in even more drops to 41.98. On the upside, there is a resistance level at 43.58. A further resistance level may holdings at 44.36. The Relative Strength Index (RSI) on the 14-day chart is 41.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.87%. Stochastics %K at 27.18% indicates the stock is a holding.
How much short interest is there in Match Group Inc.?
A steep rise in short interest was recorded in Match Group Inc. stocks on Aug 30, 2023, growing by 4.39 million shares to a total of 10.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 6.39 million shares. There was a rise of 40.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.32.
According to FactSet, Match Group Inc.’s share price will average $56.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.84 percent from its previous closing price of $44.15. Analysts expect Match Group Inc. stock to reach the higher price of $97.00, while the lowest price estimate is $44.00. However, 24 analysts have rated MTCH stock as an Overweight in their predictions for 2023.