Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vivid Seats Inc shares valued at $6,702 were sold by Bakal Riva on Apr 22 ’24. At $5.90 per share, Bakal Riva sold 1,136 shares. The insider’s holdings dropped to 97,670 shares worth approximately $0.51 million following the completion of this transaction.
Also, Pickus Edward sold 537 shares, netting a total of over 3,168 in proceeds. Following the sale of shares at $5.90 each, the insider now holds 35,434 shares.
Before that, Wagner Jonathan Miles had sold 29,588 shares from its account. In a trade valued at $168,947, the Chief Technology Officer traded Vivid Seats Inc shares for $5.71 each. Upon closing the transaction, the insider’s holdings decreased to 29,588 shares, worth approximately $0.73 million.
As published in their initiating research note from Maxim Group on April 17, 2024, Vivid Seats Inc [SEAT] has been a Buy and the price target has been revised to $7. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of August 01, 2023, Morgan Stanley has initiated its “an Equal-weight” rating for SEAT. Earlier on July 24, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for SEAT stock.
Analyzing SEAT Stock Performance
During the last five days, there has been a drop of approximately -11.88%. Over the course of the year, Vivid Seats Inc shares have dropped approximately -17.88%. Shares of the company reached a 52-week high of $6.51 on 01/03/24 and a 52-week low of $5.11 on 03/06/24. A 50-day SMA is recorded $5.75, while a 200-day SMA reached $6.53. Nevertheless, trading volume fell to 1.2 million shares from 1.47 million shares the previous day.
Support And Resistance Levels for Vivid Seats Inc (SEAT)
According to the 24-hour chart, there is a support level at 5.13, which, if violated, would cause prices to drop to 5.08. In the upper region, resistance lies at 5.29. The next price resistance is at 5.40. RSI (Relative Strength Index) is 34.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 98.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
