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A company insider recently sold 6,676 shares of WM Technology Inc [MAPS]. Should You also Consider to Sale?

WM Technology Inc’s recent filing unveils that its Director BAY ANTHONY unloaded Company’s shares for reported $5875.0 on Mar 11 ’24. In the deal valued at $0.88 per share,6,676 shares were sold. As a result of this transaction, BAY ANTHONY now holds 472,828 shares worth roughly $0.52 million.

Then, Camire Brian sold 44,189 shares, generating $41,551 in total proceeds. Upon selling the shares at $0.94, the GENERAL COUNSEL now owns 708,975 shares.

Before that, Grazier Duncan sold 39,382 shares. WM Technology Inc shares valued at $37,031 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $0.94 per share. As a result of the transaction, Grazier Duncan now holds 729,926 shares, worth roughly $0.8 million.

Truist downgraded its WM Technology Inc [MAPS] rating to a Hold from a a Buy in a research note published on November 08, 2022; the price target was decreased to $2 from $5. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Piper Sandler also remained covering MAPS and has decreased its forecast on August 10, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. BTIG Research revised its rating on August 10, 2022. It rated MAPS as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MAPS

On Tuesday, WM Technology Inc [NASDAQ:MAPS] saw its stock jump 0.93% to $1.09. Over the last five days, the stock has lost -6.84%. WM Technology Inc shares have risen nearly 51.33% since the year began. Nevertheless, the stocks have risen 49.32% over the past one year. While a 52-week high of $1.88 was reached on 04/04/24, a 52-week low of $0.60 was recorded on 01/02/24. SMA at 50 days reached $1.0544, while 200 days put it at $1.0614. A total of 0.48 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For MAPS Stock

The 24-hour chart illustrates a support level at 1.0533, which if violated will result in even more drops to 1.0167. On the upside, there is a resistance level at 1.1433. A further resistance level may holdings at 1.1967. The Relative Strength Index (RSI) on the 14-day chart is 44.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1077, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics %K at 8.03% indicates the stock is a buying.

The most recent change occurred on November 23, 2021 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $11 price target.

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