Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.73 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 $0.95 million.
As published in a research note from Morgan Stanley on April 18, 2024, Match Group Inc. [MTCH] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $37 from $53. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early April. As of December 07, 2023, Wells Fargo has initiated its “an Equal weight” rating for MTCH. Earlier on October 19, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for MTCH stock.
Analyzing MTCH Stock Performance
During the last five days, there has been a drop of approximately -1.05%. Over the course of the year, Match Group Inc. shares have dropped approximately -12.49%. Shares of the company reached a 52-week high of $42.42 on 01/09/24 and a 52-week low of $31.41 on 04/18/24. A 50-day SMA is recorded $34.69, while a 200-day SMA reached $37.57. Nevertheless, trading volume fell to 2.6 million shares from 3.36 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 31.56, which, if violated, would cause prices to drop to 31.18. In the upper region, resistance lies at 32.17. The next price resistance is at 32.40. RSI (Relative Strength Index) is 37.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 87.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
