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. Marqeta Inc shares valued at $219,921 were sold by Cummings Martha on Jun 25 ’24. At $5.47 per share, Cummings Martha sold 40,241 shares. The insider’s holdings dropped to 19,000 shares worth approximately $75240.0 following the completion of this transaction.
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Also, Kern Randall F. sold 53,367 shares, netting a total of over 332,671 in proceeds. Following the sale of shares at $6.23 each, the insider now holds 0 shares.
As published in a research note from William Blair on November 05, 2024, Marqeta Inc [MQ] has been rated down from an Outperform to a Mkt perform. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early November. As of November 05, 2024, Monness Crespi & Hardt has decreased its “Buy” rating to a “Neutral” for MQ. Earlier on November 05, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for MQ stock which previously was a “an Overweight”.
Analyzing MQ Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Marqeta Inc shares have dropped approximately -43.27%. Shares of the company reached a 52-week high of $7.36 on 02/28/24 and a 52-week low of $3.37 on 11/05/24. A 50-day SMA is recorded $4.93, while a 200-day SMA reached $5.44. Nevertheless, trading volume fell to 7.56 million shares from 11.97 million shares the previous day.
Support And Resistance Levels for Marqeta Inc (MQ)
According to the 24-hour chart, there is a support level at 3.86, which, if violated, would cause prices to drop to 3.75. In the upper region, resistance lies at 4.02. The next price resistance is at 4.07. RSI (Relative Strength Index) is 37.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 77.57%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
