Mitek Systems Inc’s filing revealed that its Officer CARNECCHIA SCIPIO MAXIMUS acquired Company’s shares for reported $1.33 million on Jul 29 ’24. In the deal valued at $13.35 per share,100,000 shares were bought.
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Then, Briggs Christopher H sold 24,000 shares, generating $266,400 in total proceeds. Upon selling the shares at $11.10, the SVP Identity now owns 68,673 shares.
Before that, Wells Donna sold 16,839 shares. Mitek Systems Inc shares valued at $209,814 were divested by the Director at a price of $12.46 per share. As a result of the transaction, Wells Donna now holds 38,552 shares, worth roughly $0.42 million.
Craig Hallum initiated its Mitek Systems Inc [MITK] rating to a Buy in a research note published on December 14, 2023; the price target was $17. H.C. Wainwright started covering the stock on August 12, 2021. It rated MITK as “a Buy”.
Price Performance Review of MITK
On Tuesday, Mitek Systems Inc [NASDAQ:MITK] saw its stock fall -4.26% to $11.01. Over the last five days, the stock has lost -18.14%. Mitek Systems Inc shares have fallen nearly -15.57% since the year began. Nevertheless, the stocks have fallen -7.01% over the past one year. While a 52-week high of $16.24 was reached on 04/15/24, a 52-week low of $9.47 was recorded on 06/17/24. SMA at 50 days reached $11.90, while 200 days put it at $12.14. A total of 0.77 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 10.78, which if violated will result in even more drops to 10.55. On the upside, there is a resistance level at 11.45. A further resistance level may holdings at 11.89. The Relative Strength Index (RSI) on the 14-day chart is 35.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.27%. Stochastics%K at 16.30% indicates the stock is a buying.
The most recent change occurred on April 16, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
