In a filing, MoneyLion Inc revealed its CEO and Director Choubey Diwakar unloaded Company’s shares for reported $1.84 million on Jun 17 ’24. In the deal valued at $80.95 per share,22,738 shares were sold. As a result of this transaction, Choubey Diwakar now holds 754,160 shares worth roughly $55.07 million.
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Then, Hong Timmie sold 7,437 shares, generating $654,563 in total proceeds. Upon selling the shares at $88.01, the Chief Product Officer now owns 119,482 shares.
Before that, Gary Jeff sold 879 shares. MoneyLion Inc shares valued at $75,466 were divested by the Director at a price of $85.85 per share. As a result of the transaction, Gary Jeff now holds 11,817 shares, worth roughly $0.86 million.
Needham initiated its MoneyLion Inc [ML] rating to a Buy in a research note published on April 03, 2024; the price target was $90. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. B. Riley Securities began covering ML with “Buy” recommendation on July 27, 2023. Loop Capital started covering the stock on June 27, 2022. It rated ML as “a Buy”.
Price Performance Review of ML
On Tuesday, MoneyLion Inc [NYSE:ML] saw its stock jump 1.57% to $73.02. Over the last five days, the stock has lost -8.76%. MoneyLion Inc shares have risen nearly 16.48% since the year began. Nevertheless, the stocks have risen 594.77% over the past one year. While a 52-week high of $106.82 was reached on 05/30/24, a 52-week low of $10.72 was recorded on 02/02/24. SMA at 50 days reached $79.62, while 200 days put it at $53.07. A total of 0.25 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For ML Stock
The 24-hour chart illustrates a support level at 70.67, which if violated will result in even more drops to 68.31. On the upside, there is a resistance level at 76.86. A further resistance level may holdings at 80.69. The Relative Strength Index (RSI) on the 14-day chart is 38.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.63%. Stochastics %K at 3.92% indicates the stock is a buying.
The most recent change occurred on November 22, 2021 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
