Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MoneyLion Inc shares valued at $121,057 were sold by Hong Timmie on Oct 16 ’24. At $48.35 per share, Hong Timmie sold 2,504 shares. The insider’s holdings dropped to 103,353 shares worth approximately $5.73 million following the completion of this transaction.
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Also, TIMMIE HONG purchased 2,504 shares, netting a total of over 111,678 in proceeds.
Before that, Hong Timmie had sold 2,334 shares from its account. In a trade valued at $98,819, the Chief Product Officer traded MoneyLion Inc shares for $42.34 each. Upon closing the transaction, the insider’s holdings decreased to 2,334 shares, worth approximately $5.87 million.
As published in their initiating research note from Oppenheimer on October 01, 2024, MoneyLion Inc [ML] has been a Perform. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of December 19, 2023, Lake Street has initiated its “Buy” rating for ML. Earlier on July 27, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ML stock.
Analyzing ML Stock Performance
During the last five days, there has been a surge of approximately 27.70%. Over the course of the year, MoneyLion Inc shares have dropped approximately -11.53%. Shares of the company reached a 52-week high of $106.82 on 05/30/24 and a 52-week low of $36.65 on 10/03/24. A 50-day SMA is recorded $43.12, while a 200-day SMA reached $60.81. Nevertheless, trading volume fell to 0.56 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for MoneyLion Inc (ML)
According to the 24-hour chart, there is a support level at 51.17, which, if violated, would cause prices to drop to 46.89. In the upper region, resistance lies at 57.75. The next price resistance is at 60.05. RSI (Relative Strength Index) is 73.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.96, which suggests the price will increase in the coming days. Percent R is at 2.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
