Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MediaAlpha Inc shares valued at $1,487,752 were purchased by Yi Steven on Oct 30 ’24. At $20.66 per share, Yi Steven acquired 72,000 shares.
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Also, Nonko Eugene purchased 72,000 shares, netting a total of over 1,487,957 in proceeds.
Before that, INSIGNIA CAPITAL PARTNERS GP, had sold 2,589,800 shares from its account. In a trade valued at $49,206,200, the 10% Owner traded MediaAlpha Inc shares for $19.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,589,800 shares, worth approximately $0.0.
As published in their initiating research note from Goldman on August 20, 2024, MediaAlpha Inc [MAX] has been a Buy and the price target has been revised to $20. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late June. As of February 26, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for MAX. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for MAX stock.
Analyzing MAX Stock Performance
During the last five days, there has been a surge of approximately 7.58%. Over the course of the year, MediaAlpha Inc shares have jumped approximately 85.92%. Shares of the company reached a 52-week high of $25.78 on 05/02/24 and a 52-week low of $10.26 on 01/16/24. A 50-day SMA is recorded $18.06, while a 200-day SMA reached $17.28. Nevertheless, trading volume fell to 1.1 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for MediaAlpha Inc (MAX)
According to the 24-hour chart, there is a support level at 20.17, which, if violated, would cause prices to drop to 19.61. In the upper region, resistance lies at 21.10. The next price resistance is at 21.47. RSI (Relative Strength Index) is 72.65 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 6.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
