Momentus Inc’s recently made public that its Director Kabot Brian unloaded Company’s shares for reported $1040.0 on Dec 01 ’23. In the deal valued at $2.60 per share,400 shares were sold. As a result of this transaction, Kabot Brian now holds 3,782 shares worth roughly $2117.92.
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Then, Kabot Brian sold 400 shares, generating $1,400 in total proceeds. Upon selling the shares at $3.50, the Director now owns 4,182 shares.
Evercore ISI initiated its Momentus Inc [MNTS] rating to an Underperform in a research note published on July 05, 2022; the price target was $2. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating.
Price Performance Review of MNTS
On Tuesday, Momentus Inc [NASDAQ:MNTS] saw its stock jump 18.32% to $0.56. Over the last five days, the stock has lost -9.07%. Momentus Inc shares have fallen nearly -67.86% since the year began. Nevertheless, the stocks have fallen -82.94% over the past one year. While a 52-week high of $4.58 was reached on 08/23/24, a 52-week low of $0.35 was recorded on 04/15/24. SMA at 50 days reached $0.6156, while 200 days put it at $0.5985.
Levels Of Support And Resistance For MNTS Stock
The 24-hour chart illustrates a support level at 0.4841, which if violated will result in even more drops to 0.4122. On the upside, there is a resistance level at 0.6140. A further resistance level may holdings at 0.6720. The Relative Strength Index (RSI) on the 14-day chart is 48.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0937, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.16%. Stochastics %K at 13.19% indicates the stock is a buying.
How much short interest is there in Momentus Inc?
A steep rise in short interest was recorded in Momentus Inc stocks on 2024-10-15, growing by 1.01 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.84 million shares. There was a rise of 54.64%, which implies that there is a positive sentiment for the stock.
