The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MediaAlpha Inc shares valued at $1,487,959 were sold by Nonko Eugene on Oct 30 ’24. At $20.67 per share, Nonko Eugene sold 72,000 shares. The insider’s holdings dropped to 1,550,990 shares worth approximately $18.02 million following the completion of this transaction.
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Also, Yi Steven sold 72,000 shares, netting a total of over 1,487,750 in proceeds. Following the sale of shares at $20.66 each, the insider now holds 2,312,162 shares.
Before that, Yi Steven had added 72,000 shares to its account. In a trade valued at $1,487,752, the Officer bought MediaAlpha Inc shares for $20.66 each.
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 drop of approximately -43.95%. Over the course of the year, MediaAlpha Inc shares have jumped approximately 4.22%. Shares of the company reached a 52-week high of $25.78 on 05/02/24 and a 52-week low of $10.21 on 11/05/24. A 50-day SMA is recorded $17.77, while a 200-day SMA reached $17.37. Nevertheless, trading volume fell to 1.64 million shares from 3.19 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 11.30, which, if violated, would cause prices to drop to 10.98. In the upper region, resistance lies at 12.19. The next price resistance is at 12.75. RSI (Relative Strength Index) is 21.36 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.65, which suggests the price will decrease in the coming days. Percent R is at 86.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
