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Innovid Corp (CTV) receives an Underweight rating from Morgan Stanley

Innovid Corp’s filing revealed that its Chief Financial Officer Callini Anthony acquired Company’s shares for reported $20061.0 on Feb 29 ’24. In the deal valued at $1.82 per share,11,000 shares were bought. As a result of this transaction, Callini Anthony now holds 499,000 shares worth roughly $1.12 million.

Then, Netter Zvika bought 25,000 shares, generating $45,970 in total proceeds. Upon buying the shares at $1.84, the Chief Executive Officer now owns 4,085,733 shares.

Before that, Callini Anthony bought 18,000 shares. Innovid Corp shares valued at $24,077 were divested by the Chief Financial Officer at a price of $1.34 per share. As a result of the transaction, Callini Anthony now holds 488,000 shares, worth roughly $1.1 million.

Morgan Stanley initiated its Innovid Corp [CTV] rating to an Underweight in a research note published on September 13, 2022; the price target was $2.70.

Price Performance Review of CTV

On Tuesday, Innovid Corp [NYSE:CTV] saw its stock fall -2.60% to $2.25. Over the last five days, the stock has lost -4.26%. Innovid Corp shares have risen nearly 50.00% since the year began. Nevertheless, the stocks have risen 139.62% over the past one year. While a 52-week high of $2.58 was reached on 04/12/24, a 52-week low of $0.85 was recorded on 01/19/24. SMA at 50 days reached $2.16, while 200 days put it at $1.50. A total of 0.45 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For CTV Stock

The 24-hour chart illustrates a support level at 2.02, which if violated will result in even more drops to 1.80. On the upside, there is a resistance level at 2.39. A further resistance level may holdings at 2.53. The Relative Strength Index (RSI) on the 14-day chart is 49.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.56%. Stochastics %K at 46.64% indicates the stock is a holding.

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