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A company insider recently sold 70,851 shares of WM Technology Inc [MAPS]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WM Technology Inc shares valued at $69,399 were sold by Camire Brian on Jun 07 ’24. At $0.98 per share, Camire Brian sold 70,851 shares. The insider’s holdings dropped to 696,718 shares worth approximately $0.78 million following the completion of this transaction.

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Also, Grazier Duncan sold 35,272 shares, netting a total of over 34,549 in proceeds. Following the sale of shares at $0.98 each, the insider now holds 694,654 shares.

Before that, BAY ANTHONY had sold 6,676 shares from its account. In a trade valued at $5,875, the Director traded WM Technology Inc shares for $0.88 each. Upon closing the transaction, the insider’s holdings decreased to 6,676 shares, worth approximately $0.53 million.

As published in a research note from Truist on November 08, 2022, WM Technology Inc [MAPS] has been rated down from a Buy to a Hold and the price target has been revised to $2 from $5. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 10, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for MAPS. Earlier on August 10, 2022, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for MAPS stock which previously was a “a Buy”.

Analyzing MAPS Stock Performance

During the last five days, there has been a surge of approximately 10.89%. Over the course of the year, WM Technology Inc shares have jumped approximately 55.49%. Shares of the company reached a 52-week high of $1.4700 on 04/30/24 and a 52-week low of $0.7307 on 01/02/24. A 50-day SMA is recorded $1.0794, while a 200-day SMA reached $1.0510. Nevertheless, trading volume fell to 0.57 million shares from 0.86 million shares the previous day.

Support And Resistance Levels for WM Technology Inc (MAPS)

According to the 24-hour chart, there is a support level at 1.0901, which, if violated, would cause prices to drop to 1.0603. In the upper region, resistance lies at 1.1497. The next price resistance is at 1.1795. RSI (Relative Strength Index) is 61.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0634, which suggests the price will decrease in the coming days. Percent R is at 21.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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