In a filing, Mitek Systems Inc revealed its Chief Executive Officer CARNECCHIA SCIPIO MAXIMUS unloaded Company’s shares for reported $0.61 million on Dec 07 ’23. In the deal valued at $10.86 per share,56,113 shares were sold. As a result of this transaction, CARNECCHIA SCIPIO MAXIMUS now holds 500,795 shares worth roughly $7.43 million.
Then, Diamond Michael E sold 7,242 shares, generating $78,648 in total proceeds. Upon selling the shares at $10.86, the General Manager now owns 266,304 shares.
Before that, Briggs Christopher H sold 2,287 shares. Mitek Systems Inc shares valued at $24,837 were divested by the SVP Identity at a price of $10.86 per share. As a result of the transaction, Briggs Christopher H now holds 92,673 shares, worth roughly $1.37 million.
Craig Hallum initiated its Mitek Systems Inc [MITK] rating to a Buy in a research note published on December 14, 2023; the price target was $17. H.C. Wainwright started covering the stock on August 12, 2021. It rated MITK as “a Buy”.
Price Performance Review of MITK
On Monday, Mitek Systems Inc [NASDAQ:MITK] saw its stock jump 1.37% to $14.83. Over the last five days, the stock has gained 1.92%. Mitek Systems Inc shares have risen nearly 13.73% since the year began. Nevertheless, the stocks have risen 58.44% over the past one year. While a 52-week high of $14.99 was reached on 04/15/24, a 52-week low of $8.77 was recorded on 03/20/24. SMA at 50 days reached $12.68, while 200 days put it at $11.67. A total of 1.83 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 14.32, which if violated will result in even more drops to 13.81. On the upside, there is a resistance level at 15.79. A further resistance level may holdings at 16.75. The Relative Strength Index (RSI) on the 14-day chart is 71.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.59%. Stochastics %K at 77.30% indicates the stock is a holding.
The most recent change occurred on April 16, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
