Matterport Inc’s recent filing unveils that its Chief Financial Officer Fay James Daniel unloaded Company’s shares for reported $56265.0 on Apr 01 ’24. In the deal valued at $2.25 per share,25,000 shares were sold. As a result of this transaction, Fay James Daniel now holds 1,314,918 shares worth roughly $2.75 million.
Then, PITTMAN RAYMOND J sold 2,342 shares, generating $4,577 in total proceeds. Upon selling the shares at $1.95, the Chief Executive Officer now owns 3,229,531 shares.
Before that, Zinn Matthew sold 1,889 shares. Matterport Inc shares valued at $3,692 were divested by the Chief Legal Officer at a price of $1.95 per share. As a result of the transaction, Zinn Matthew now holds 278,395 shares, worth roughly $0.58 million.
BTIG Research initiated its Matterport Inc [MTTR] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “a Neutral”. Deutsche Bank also remained covering MTTR and has decreased its forecast on January 23, 2023 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on August 17, 2022. It rated MTTR as “a Peer perform”.
Price Performance Review of MTTR
On Monday, Matterport Inc [NASDAQ:MTTR] saw its stock jump 2.45% to $2.09. Over the last five days, the stock has lost -4.13%. Matterport Inc shares have fallen nearly -22.30% since the year began. Nevertheless, the stocks have fallen -18.99% over the past one year. While a 52-week high of $3.78 was reached on 01/02/24, a 52-week low of $1.74 was recorded on 03/15/24. SMA at 50 days reached $2.12, while 200 days put it at $2.48. A total of 1.46 million shares were traded, compared to the trading of 1.61 million shares in the previous session.
Levels Of Support And Resistance For MTTR Stock
The 24-hour chart illustrates a support level at 2.05, which if violated will result in even more drops to 2.00. On the upside, there is a resistance level at 2.12. A further resistance level may holdings at 2.14. The Relative Strength Index (RSI) on the 14-day chart is 53.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.86%. Stochastics %K at 52.28% indicates the stock is a holding.
How much short interest is there in Matterport Inc?
A steep rise in short interest was recorded in Matterport Inc stocks on Mar 15, 2024, dropping by -0.85 million shares to a total of 7.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.01 million shares. There was a decline of -11.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.55% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.08.
