Innovid Corp’s filing revealed that its Chief Financial Officer Callini Anthony acquired Company’s shares for reported $20061.0 on Feb 29 ’24. In the deal valued at $1.82 per share,11,000 shares were bought. As a result of this transaction, Callini Anthony now holds 499,000 shares worth roughly $1.25 million.
Then, Netter Zvika bought 25,000 shares, generating $45,970 in total proceeds. Upon buying the shares at $1.84, the Chief Executive Officer now owns 4,085,733 shares.
Before that, Callini Anthony bought 18,000 shares. Innovid Corp shares valued at $24,077 were divested by the Chief Financial Officer at a price of $1.34 per share. As a result of the transaction, Callini Anthony now holds 488,000 shares, worth roughly $1.22 million.
Morgan Stanley initiated its Innovid Corp [CTV] rating to an Underweight in a research note published on September 13, 2022; the price target was $2.70.
Price Performance Review of CTV
On Tuesday, Innovid Corp [NYSE:CTV] saw its stock jump 14.16% to $2.50. Over the last five days, the stock has gained 2.46%. Innovid Corp shares have risen nearly 66.67% since the year began. Nevertheless, the stocks have risen 131.48% over the past one year. While a 52-week high of $2.52 was reached on 04/01/24, a 52-week low of $0.75 was recorded on 01/19/24. SMA at 50 days reached $1.92, while 200 days put it at $1.41. A total of 0.49 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For CTV Stock
The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.03. On the upside, there is a resistance level at 2.62. A further resistance level may holdings at 2.73. The Relative Strength Index (RSI) on the 14-day chart is 64.74, 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 bullish at 4.35%. Stochastics %K at 62.13% indicates the stock is a holding.
How much short interest is there in Innovid Corp?
A steep rise in short interest was recorded in Innovid Corp stocks on Mar 15, 2024, dropping by -0.55 million shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.85 million shares. There was a decline of -186.77%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.77.
