Mitek Systems Inc’s recent filing unveils that 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 $6.36 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 $1.18 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 Friday, Mitek Systems Inc [NASDAQ:MITK] saw its stock jump 2.34% to $12.70. Over the last five days, the stock has gained 4.27%. Mitek Systems Inc shares have fallen nearly -2.61% since the year began. Nevertheless, the stocks have risen 42.54% over the past one year. While a 52-week high of $16.24 was reached on 04/15/24, a 52-week low of $8.80 was recorded on 03/20/24. SMA at 50 days reached $12.68, while 200 days put it at $11.75. A total of 0.64 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 12.50, which if violated will result in even more drops to 12.29. On the upside, there is a resistance level at 12.85. A further resistance level may holdings at 12.99. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.27%. Stochastics %K at 17.23% indicates the stock is a buying.
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.
