In a filing, Innovid Corp revealed its 10% Owner SEQUOIA CAPITAL ISRAEL IV HOLD unloaded Company’s shares for reported $16.8 million on May 22 ’24. In the deal valued at $2.10 per share,8,000,000 shares were sold. As a result of this transaction, SEQUOIA CAPITAL ISRAEL IV HOLD now holds 9,697,224 shares worth roughly $17.94 million.
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Then, Helmreich David sold 50,000 shares, generating $104,720 in total proceeds. Upon selling the shares at $2.09, the Chief Commercial Officer now owns 1,045,380 shares.
Before that, Netter Zvika bought 20,000 shares. Innovid Corp shares valued at $41,490 were divested by the Chief Executive Officer at a price of $2.07 per share. As a result of the transaction, Netter Zvika now holds 4,960,733 shares, worth roughly $9.18 million.
Morgan Stanley initiated its Innovid Corp [CTV] rating to an Underweight in a research note published on September 13, 2022; the price target was $2.70.
Price Performance Review of CTV
On Friday, Innovid Corp [NYSE:CTV] saw its stock fall -6.57% to $1.85. Over the last five days, the stock has gained 2.21%. Innovid Corp shares have risen nearly 23.33% since the year began. Nevertheless, the stocks have risen 52.89% over the past one year. While a 52-week high of $2.58 was reached on 04/12/24, a 52-week low of $0.95 was recorded on 01/19/24. SMA at 50 days reached $1.8362, while 200 days put it at $1.8648.
Levels Of Support And Resistance For CTV Stock
The 24-hour chart illustrates a support level at 1.7633, which if violated will result in even more drops to 1.6767. On the upside, there is a resistance level at 1.9533. A further resistance level may holdings at 2.0567. The Relative Strength Index (RSI) on the 14-day chart is 53.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1483, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.80%. Stochastics %K at 78.94% indicates the stock is a holding.
How much short interest is there in Innovid Corp?
A steep rise in short interest was recorded in Innovid Corp stocks on 2024-08-30, dropping by -0.25 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.69 million shares. There was a decline of -17.8%, which implies that there is a negative sentiment for the stock.
