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The Attractiveness of Investing In Match Group Inc. (MTCH) is Growing

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Match Group Inc.’s recent filing unveils that its Chief Bus. Affairs & Leg. Off. Sine Jared F. unloaded Company’s shares for reported $18025.0 on Mar 01 ’24. In the deal valued at $36.05 per share,500 shares were sold. As a result of this transaction, Sine Jared F. now holds 54,009 shares worth roughly $2.09 million.

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Then, Sine Jared F. sold 500 shares, generating $19,380 in total proceeds. Upon selling the shares at $38.76, the Chief Bus. Affairs & Leg. Off. now owns 29,352 shares.

Before that, Sine Jared F. sold 500 shares. Match Group Inc. shares valued at $17,990 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $35.98 per share. As a result of the transaction, Sine Jared F. now holds 29,852 shares, worth roughly $1.15 million.

HSBC Securities upgraded its Match Group Inc. [MTCH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Citigroup also remained covering MTCH and reiterated its “Neutral” recommendation on July 15, 2024. Morgan Stanley revised its rating on April 18, 2024. It rated MTCH as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of MTCH

On Tuesday, Match Group Inc. [NASDAQ:MTCH] saw its stock jump 2.20% to $38.62. Over the last five days, the stock has gained 2.39%. Match Group Inc. shares have risen nearly 5.81% since the year began. Nevertheless, the stocks have risen 8.67% over the past one year. While a 52-week high of $42.42 was reached on 01/09/24, a 52-week low of $27.66 was recorded on 05/08/24. SMA at 50 days reached $36.47, while 200 days put it at $34.42.

Levels Of Support And Resistance For MTCH Stock

The 24-hour chart illustrates a support level at 38.03, which if violated will result in even more drops to 37.45. On the upside, there is a resistance level at 38.96. A further resistance level may holdings at 39.30. The Relative Strength Index (RSI) on the 14-day chart is 63.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.92%. Stochastics %K at 78.38% indicates the stock is a holding.

How much short interest is there in Match Group Inc.?

A steep rise in short interest was recorded in Match Group Inc. stocks on 2024-09-30, dropping by -5.34 million shares to a total of 14.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 19.73 million shares. There was a decline of -37.11%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 04, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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