Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Match Group Inc. shares valued at $18,025 were sold by Sine Jared F. on Mar 01 ’24. At $36.05 per share, Sine Jared F. sold 500 shares. The insider’s holdings dropped to 54,009 shares worth approximately $1.81 million following the completion of this transaction.
Also, Sine Jared F. sold 500 shares, netting a total of over 19,380 in proceeds. Following the sale of shares at $38.76 each, the insider now holds 29,352 shares.
Before that, Sine Jared F. had sold 500 shares from its account. In a trade valued at $17,990, the Chief Bus. Affairs & Leg. Off. traded Match Group Inc. shares for $35.98 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $1.0 million.
As published in their initiating research note from Raymond James on April 04, 2024, Match Group Inc. [MTCH] has been a Mkt perform. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early December. As of October 19, 2023, BofA Securities has initiated its “Buy” rating for MTCH.
Analyzing MTCH Stock Performance
During the last five days, there has been a drop of approximately -6.43%. Over the course of the year, Match Group Inc. shares have dropped approximately -8.30%. Shares of the company reached a 52-week high of $42.42 on 01/09/24 and a 52-week low of $32.33 on 03/14/24. A 50-day SMA is recorded $35.55, while a 200-day SMA reached $38.06. Nevertheless, trading volume fell to 6.14 million shares from 2.65 million shares the previous day.
Support And Resistance Levels for Match Group Inc. (MTCH)
According to the 24-hour chart, there is a support level at 32.97, which, if violated, would cause prices to drop to 32.47. In the upper region, resistance lies at 34.28. The next price resistance is at 35.10. RSI (Relative Strength Index) is 40.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 95.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Match Group Inc. subject to short interest?
Stocks of Match Group Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 3.77 million shares to 14.42 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 10.65 million shares. A jump of 26.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.09.
