MoneyLion Inc’s recently made public that its Chief Product Officer Hong Timmie unloaded Company’s shares for reported $0.23 million on Aug 15 ’24. In the deal valued at $45.10 per share,5,139 shares were sold. As a result of this transaction, Hong Timmie now holds 110,558 shares worth roughly $5.13 million.
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Then, Hong Timmie sold 2,367 shares, generating $109,261 in total proceeds. Upon selling the shares at $46.16, the Chief Product Officer now owns 108,191 shares.
Before that, Correia Richard sold 13,138 shares. MoneyLion Inc shares valued at $592,524 were divested by the President, CFO and Treasurer at a price of $45.10 per share. As a result of the transaction, Correia Richard now holds 219,187 shares, worth roughly $10.17 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 Friday,, MoneyLion Inc [NYSE:ML] saw its stock jump 0.54% to $46.42. Over the last five days, the stock has gained 7.16%. MoneyLion Inc shares have fallen nearly -25.95% since the year began. Nevertheless, the stocks have risen 139.16% over the past one year. While a 52-week high of $106.82 was reached on 05/30/24, a 52-week low of $17.40 was recorded on 08/20/24. SMA at 50 days reached $61.39, while 200 days put it at $62.28.
Levels Of Support And Resistance For ML Stock
The 24-hour chart illustrates a support level at 44.89, which if violated will result in even more drops to 43.35. On the upside, there is a resistance level at 47.28. A further resistance level may holdings at 48.13. The Relative Strength Index (RSI) on the 14-day chart is 41.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.79%. Stochastics %K at 62.27% indicates the stock is a holding.
How much short interest is there in MoneyLion Inc?
A steep rise in short interest was recorded in MoneyLion Inc stocks on 2024-08-15, dropping by 24217.0 shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.99 million shares. There was a decline of -2.5%, which implies that there is a negative sentiment for the stock.
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.
