Marketwise Inc’s filing revealed that its Director Tongue Glenn H acquired Company’s shares for reported $7519.0 on Sep 17 ’24. In the deal valued at $0.70 per share,10,764 shares were bought. As a result of this transaction, Tongue Glenn H now holds 24,038 shares worth roughly $14422.8.
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Then, Tongue Glenn H bought 5,000 shares, generating $3,500 in total proceeds. Upon buying the shares at $0.70, the Director now owns 255,812 shares.
Before that, Greenhaven Road Investment Man sold 103,304 shares. Marketwise Inc shares valued at $163,313 were divested by the 10% Owner at a price of $1.58 per share. As a result of the transaction, Greenhaven Road Investment Man now holds 1,893,408 shares, worth roughly $1.14 million.
UBS downgraded its Marketwise Inc [MKTW] rating to a Neutral from a a Buy in a research note published on December 01, 2023; the price target was increased to $3.50 from $3. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Mkt perform”. Wedbush also remained covering MKTW and has decreased its forecast on March 11, 2022 with a “Neutral” recommendation from previously “an Outperform” rating.
Price Performance Review of MKTW
On Tuesday, Marketwise Inc [NASDAQ:MKTW] saw its stock fall -10.55% to $0.60. Over the last five days, the stock has lost -13.96%. Marketwise Inc shares have fallen nearly -78.10% since the year began. Nevertheless, the stocks have fallen -60.19% over the past one year. While a 52-week high of $3.62 was reached on 01/03/24, a 52-week low of $0.65 was recorded on 10/01/24. SMA at 50 days reached $0.8435, while 200 days put it at $1.5667.
Levels Of Support And Resistance For MKTW Stock
The 24-hour chart illustrates a support level at 0.5721, which if violated will result in even more drops to 0.5465. On the upside, there is a resistance level at 0.6418. A further resistance level may holdings at 0.6859. The Relative Strength Index (RSI) on the 14-day chart is 24.01, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0412, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.36%. Stochastics %K at 14.36% indicates the stock is a buying.
How much short interest is there in Marketwise Inc?
A steep rise in short interest was recorded in Marketwise Inc stocks on 2024-09-13, dropping by 60116.0 shares to a total of 0.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.45 million shares. There was a decline of -15.43%, which implies that there is a negative sentiment for the stock.
