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Taking a look at what insiders are doing to gauge the WM Technology Inc (MAPS)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. WM Technology Inc shares valued at $114,661 were sold by Tan Fiona on Jun 24 ’24. At $1.01 per share, Tan Fiona sold 113,672 shares. The insider’s holdings dropped to 309,313 shares worth approximately $0.31 million following the completion of this transaction.

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Also, Gordon Scott sold 112,994 shares, netting a total of over 114,282 in proceeds. Following the sale of shares at $1.01 each, the insider now holds 258,221 shares.

Before that, Gonzalez Olga had sold 90,396 shares from its account. In a trade valued at $91,345, the Director traded WM Technology Inc shares for $1.01 each. Upon closing the transaction, the insider’s holdings decreased to 90,396 shares, worth approximately $0.5 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 drop of approximately -10.71%. Over the course of the year, WM Technology Inc shares have jumped approximately 38.83%. 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 $1.0597, while a 200-day SMA reached $1.0359. Nevertheless, trading volume fell to 0.66 million shares from 0.95 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 0.9719, which, if violated, would cause prices to drop to 0.9437. In the upper region, resistance lies at 1.0491. The next price resistance is at 1.0981. RSI (Relative Strength Index) is 47.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0319, which suggests the price will decrease in the coming days. Percent R is at 68.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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