Vivid Seats Inc’s filing revealed that its Chief Technology Officer Wagner Jonathan Miles unloaded Company’s shares for reported $0.17 million on Mar 12 ’24. In the deal valued at $5.71 per share,29,588 shares were sold. As a result of this transaction, Wagner Jonathan Miles now holds 139,925 shares worth roughly $0.78 million.
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Then, Bakal Riva sold 2,051 shares, generating $11,711 in total proceeds. Upon selling the shares at $5.71, the Chief Strategy Officer now owns 94,955 shares.
Before that, Pickus Edward sold 725 shares. Vivid Seats Inc shares valued at $4,140 were divested by the Chief Accounting Officer at a price of $5.71 per share. As a result of the transaction, Pickus Edward now holds 34,154 shares, worth roughly $0.19 million.
Craig Hallum initiated its Vivid Seats Inc [SEAT] rating to a Buy in a research note published on February 09, 2024; the price target was $10. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early August with a ‘”an Equal-weight”‘ rating. BofA Securities began covering SEAT with “Buy” recommendation on July 24, 2023. Imperial Capital started covering the stock on March 24, 2023. It rated SEAT as “an Outperform”.
Price Performance Review of SEAT
On Monday, Vivid Seats Inc [NASDAQ:SEAT] saw its stock jump 1.28% to $5.56. Over the last five days, the stock has gained 1.09%. Vivid Seats Inc shares have fallen nearly -12.03% since the year began. Nevertheless, the stocks have fallen -23.10% over the past one year. While a 52-week high of $9.89 was reached on 01/03/24, a 52-week low of $5.11 was recorded on 03/06/24. SMA at 50 days reached $5.82, while 200 days put it at $6.80. A total of 1.3 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For SEAT Stock
The 24-hour chart illustrates a support level at 5.47, which if violated will result in even more drops to 5.38. On the upside, there is a resistance level at 5.63. A further resistance level may holdings at 5.70. The Relative Strength Index (RSI) on the 14-day chart is 45.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.13%. Stochastics %K at 42.98% indicates the stock is a holding.
How much short interest is there in Vivid Seats Inc?
A steep rise in short interest was recorded in Vivid Seats Inc stocks on Feb 29, 2024, growing by 0.53 million shares to a total of 6.36 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.83 million shares. There was a rise of 8.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.07.
The most recent change occurred on October 03, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $9 price target.
