Matterport Inc’s recently made public that its Chief Financial Officer Fay James Daniel unloaded Company’s shares for reported $0.11 million on Oct 01 ’24. In the deal valued at $4.47 per share,25,000 shares were sold. As a result of this transaction, Fay James Daniel now holds 1,518,751 shares worth roughly $7.06 million.
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Then, Fay James Daniel bought 25,000 shares, generating $111,500 in total proceeds.
Before that, Tulsi Japjit sold 29,437 shares. Matterport Inc shares valued at $128,334 were divested by the Chief Technology Officer at a price of $4.36 per share. As a result of the transaction, Tulsi Japjit now holds 556,953 shares, worth roughly $2.59 million.
Northland Capital initiated its Matterport Inc [MTTR] rating to an Outperform in a research note published on April 11, 2024; the price target was $3.50. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering MTTR and has decreased its forecast on October 23, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on January 23, 2023. It rated MTTR as “a Hold” which previously was an “a Buy”.
Price Performance Review of MTTR
On Monday, Matterport Inc [NASDAQ:MTTR] saw its stock fall -0.64% to $4.65. Over the last five days, the stock has lost -4.32%. Matterport Inc shares have risen nearly 72.86% since the year began. Nevertheless, the stocks have risen 72.22% over the past one year. While a 52-week high of $4.99 was reached on 04/22/24, a 52-week low of $1.73 was recorded on 04/19/24. SMA at 50 days reached $4.63, while 200 days put it at $3.81.
Levels Of Support And Resistance For MTTR Stock
The 24-hour chart illustrates a support level at 4.61, which if violated will result in even more drops to 4.57. On the upside, there is a resistance level at 4.70. A further resistance level may holdings at 4.75. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.76%. Stochastics %K at 56.35% indicates the stock is a holding.
How much short interest is there in Matterport Inc?
A steep rise in short interest was recorded in Matterport Inc stocks on 2024-10-31, dropping by -0.71 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.15 million shares. There was a decline of -20.52%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 17, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
