Vivid Seats Inc’s recently made public that its Chief Strategy Officer Bakal Riva unloaded Company’s shares for reported $12493.0 on Sep 12 ’24. In the deal valued at $4.03 per share,3,100 shares were sold. As a result of this transaction, Bakal Riva now holds 124,938 shares worth roughly $0.52 million.
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Then, Pickus Edward sold 726 shares, generating $2,926 in total proceeds. Upon selling the shares at $4.03, the Chief Accounting Officer now owns 44,994 shares.
Before that, Epstein Emily T sold 1,382 shares. Vivid Seats Inc shares valued at $5,196 were divested by the General Counsel at a price of $3.76 per share. As a result of the transaction, Epstein Emily T now holds 41,379 shares, worth roughly $0.17 million.
A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Craig Hallum began covering SEAT with “Buy” recommendation on February 09, 2024. Morgan Stanley started covering the stock on August 01, 2023. It rated SEAT as “an Equal-weight”.
Price Performance Review of SEAT
On Tuesday, Vivid Seats Inc [NASDAQ:SEAT] saw its stock jump 2.70% to $4.18. Over the last five days, the stock has lost -0.59%. Vivid Seats Inc shares have fallen nearly -33.86% since the year began. Nevertheless, the stocks have fallen -36.95% over the past one year. While a 52-week high of $8.80 was reached on 01/03/24, a 52-week low of $3.58 was recorded on 08/14/24. SMA at 50 days reached $4.63, while 200 days put it at $5.52.
Levels Of Support And Resistance For SEAT Stock
The 24-hour chart illustrates a support level at 4.09, which if violated will result in even more drops to 4.01. On the upside, there is a resistance level at 4.23. A further resistance level may holdings at 4.28. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.84%. Stochastics %K at 19.67% indicates the stock is a buying.
How much short interest is there in Vivid Seats Inc?
A steep rise in short interest was recorded in Vivid Seats Inc stocks on 2024-08-30, dropping by -0.26 million shares to a total of 11.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.14 million shares. There was a decline of -2.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 24, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
