Match Group Inc.’s filing revealed that its Chief Bus. Affairs & Leg. Off. Sine Jared F. unloaded Company’s shares for reported $18025.0 on Mar 01 ’24. In the deal valued at $36.05 per share,500 shares were sold. As a result of this transaction, Sine Jared F. now holds 54,009 shares worth roughly $1.74 million.
Then, Sine Jared F. sold 500 shares, generating $19,380 in total proceeds. Upon selling the shares at $38.76, the Chief Bus. Affairs & Leg. Off. now owns 29,352 shares.
Before that, Sine Jared F. sold 500 shares. Match Group Inc. shares valued at $17,990 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $35.98 per share. As a result of the transaction, Sine Jared F. now holds 29,852 shares, worth roughly $0.96 million.
Morgan Stanley downgraded its Match Group Inc. [MTCH] rating to an Equal-weight from a an Overweight in a research note published on April 18, 2024; the price target was decreased to $37 from $53. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early April with a ‘”a Mkt perform”‘ rating. Wells Fargo began covering MTCH with “an Equal weight” recommendation on December 07, 2023. BofA Securities started covering the stock on October 19, 2023. It rated MTCH as “a Buy”.
Price Performance Review of MTCH
On Friday, Match Group Inc. [NASDAQ:MTCH] saw its stock fall -0.12% to $32.18. Over the last five days, the stock has lost -1.53%. Match Group Inc. shares have fallen nearly -11.84% since the year began. Nevertheless, the stocks have fallen -8.37% over the past one year. While a 52-week high of $49.24 was reached on 01/09/24, a 52-week low of $27.85 was recorded on 04/18/24. SMA at 50 days reached $34.93, while 200 days put it at $37.73. A total of 4.04 million shares were traded, compared to the trading of 3.83 million shares in the previous session.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 31.95, which if violated will result in even more drops to 31.71. On the upside, there is a resistance level at 32.45. A further resistance level may holdings at 32.71. The Relative Strength Index (RSI) on the 14-day chart is 37.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.33%. Stochastics %K at 14.93% indicates the stock is a buying.
