Matterport Inc’s filing revealed 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 $6.31 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 $1.34 million.
Northland Capital initiated its Matterport Inc [MTTR] rating to an Outperform in a research note published on April 11, 2024; the price target was $3.50. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering MTTR and has decreased its forecast on October 23, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on January 23, 2023. It rated MTTR as “a Hold” which previously was an “a Buy”.
Price Performance Review of MTTR
On Monday, Matterport Inc [NASDAQ:MTTR] saw its stock jump 175.86% to $4.80. Over the last five days, the stock has gained 159.46%. Matterport Inc shares have risen nearly 78.44% since the year began. Nevertheless, the stocks have risen 79.78% over the past one year. While a 52-week high of $3.78 was reached on 04/22/24, a 52-week low of $1.73 was recorded on 04/19/24. SMA at 50 days reached $2.0900, while 200 days put it at $2.4300. A total of 71.98 million shares were traded, compared to the trading of 1.83 million shares in the previous session.
Levels Of Support And Resistance For MTTR Stock
The 24-hour chart illustrates a support level at 3.7000, which if violated will result in even more drops to 2.5900. On the upside, there is a resistance level at 5.4500. A further resistance level may holdings at 6.0900. The Relative Strength Index (RSI) on the 14-day chart is 86.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.6300, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.83%. Stochastics %K at 32.79% indicates the stock is a holding.
The most recent change occurred on August 17, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
