Vivid Seats Inc’s filing revealed that its Chief Strategy Officer Bakal Riva unloaded Company’s shares for reported $6702.0 on Apr 22 ’24. In the deal valued at $5.90 per share,1,136 shares were sold. As a result of this transaction, Bakal Riva now holds 97,670 shares worth roughly $0.54 million.
Then, Pickus Edward sold 537 shares, generating $3,168 in total proceeds. Upon selling the shares at $5.90, the Chief Accounting Officer now owns 35,434 shares.
Before that, Wagner Jonathan Miles sold 29,588 shares. Vivid Seats Inc shares valued at $168,947 were divested by the Chief Technology Officer at a price of $5.71 per share. As a result of the transaction, Wagner Jonathan Miles now holds 139,925 shares, worth roughly $0.77 million.
Maxim Group initiated its Vivid Seats Inc [SEAT] rating to a Buy in a research note published on April 17, 2024; the price target was $7. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Morgan Stanley began covering SEAT with “an Equal-weight” recommendation on August 01, 2023. BofA Securities started covering the stock on July 24, 2023. It rated SEAT as “a Buy”.
Price Performance Review of SEAT
On Friday, Vivid Seats Inc [NASDAQ:SEAT] saw its stock jump 2.04% to $5.49. Over the last five days, the stock has lost -7.26%. Vivid Seats Inc shares have fallen nearly -13.13% since the year began. Nevertheless, the stocks have fallen -22.68% over the past one year. While a 52-week high of $9.89 was reached on 01/03/24, a 52-week low of $5.11 was recorded on 03/06/24. SMA at 50 days reached $5.72, while 200 days put it at $6.50. A total of 1.06 million shares were traded, compared to the trading of 1.04 million shares in the previous session.
Levels Of Support And Resistance For SEAT Stock
The 24-hour chart illustrates a support level at 5.40, which if violated will result in even more drops to 5.30. On the upside, there is a resistance level at 5.55. A further resistance level may holdings at 5.60. The Relative Strength Index (RSI) on the 14-day chart is 44.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.77%. Stochastics %K at 23.01% indicates the stock is a holding.
The most recent change occurred on March 24, 2023 when Imperial Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
