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Taking a look at what insiders are doing to gauge the MoneyLion Inc (ML)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MoneyLion Inc shares valued at $207,831 were purchased by RICHARD CORREIA on Nov 27 ’24. At $87.91 per share, RICHARD CORREIA acquired 2,364 shares.

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Also, RICHARD CORREIA purchased 4,046 shares, netting a total of over 350,545 in proceeds.

Before that, VanWagner Adam had sold 2,994 shares from its account. In a trade valued at $237,721, the CLO and Secretary traded MoneyLion Inc shares for $79.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,994 shares, worth approximately $7.85 million.

As published in a research note from Oppenheimer on November 07, 2024, MoneyLion Inc [ML] has been rated up from a Perform to an Outperform and the price target has been revised to $80. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in early October. As of April 03, 2024, Needham has initiated its “Buy” rating for ML. Earlier on December 19, 2023, Lake Street 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 10.25%. Over the course of the year, MoneyLion Inc shares have jumped approximately 38.08%. 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 $55.00, while a 200-day SMA reached $63.38. Nevertheless, trading volume fell to 0.18 million shares from 0.21 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 83.82, which, if violated, would cause prices to drop to 81.08. In the upper region, resistance lies at 89.65. The next price resistance is at 92.74. RSI (Relative Strength Index) is 73.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.59, which suggests the price will increase in the coming days. Percent R is at 18.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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