Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mitek Systems Inc shares valued at $1,335,000 were purchased by CARNECCHIA SCIPIO MAXIMUS on Jul 29 ’24. At $13.35 per share, CARNECCHIA SCIPIO MAXIMUS acquired 100,000 shares.
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Also, Briggs Christopher H sold 24,000 shares, netting a total of over 266,400 in proceeds. Following the sale of shares at $11.10 each, the insider now holds 68,673 shares.
Before that, Wells Donna had sold 16,839 shares from its account. In a trade valued at $209,814, the Director traded Mitek Systems Inc shares for $12.46 each. Upon closing the transaction, the insider’s holdings decreased to 16,839 shares, worth approximately $0.33 million.
As published in a research note from Jefferies on September 04, 2024, Mitek Systems Inc [MITK] has been rated down from a Buy to a Hold and the price target has been revised to $9.50 from $17. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December.
Analyzing MITK Stock Performance
During the last five days, there has been a drop of approximately -8.64%. Over the course of the year, Mitek Systems Inc shares have dropped approximately -34.28%. Shares of the company reached a 52-week high of $16.24 on 04/15/24 and a 52-week low of $7.35 on 08/09/24. A 50-day SMA is recorded $10.81, while a 200-day SMA reached $12.02. Nevertheless, trading volume fell to 1.07 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Mitek Systems Inc (MITK)
According to the 24-hour chart, there is a support level at 8.28, which, if violated, would cause prices to drop to 7.98. In the upper region, resistance lies at 8.99. The next price resistance is at 9.40. RSI (Relative Strength Index) is 31.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 76.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Mitek Systems Inc (MITK)?
On August 12, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $27.
