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The Potential Rise in the Price of Match Group Inc (MTCH) following insiders activity

Match Group Inc’s filing revealed that its Director Bailey Stephen unloaded Company’s shares for reported $25320.0 on Nov 22 ’24. In the deal valued at $31.61 per share,801 shares were sold. As a result of this transaction, Bailey Stephen now holds 12,398 shares worth roughly $0.39 million.

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Then, Sine Jared F. sold 500 shares, generating $18,025 in total proceeds. Upon selling the shares at $36.05, the Chief Bus. Affairs & Leg. Off. now owns 54,009 shares.

Before that, Sine Jared F. sold 500 shares. Match Group Inc shares valued at $19,380 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $38.76 per share. As a result of the transaction, Sine Jared F. now holds 29,352 shares, worth roughly $0.92 million.

BofA Securities downgraded its Match Group Inc [MTCH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Wolfe Research began covering MTCH with “an Outperform” recommendation on July 16, 2024. Citigroup maintained its rating on July 15, 2024. It rated MTCH as “a Neutral”.

Price Performance Review of MTCH

On Friday, Match Group Inc [NASDAQ:MTCH] saw its stock jump 2.84% to $31.45. Over the last five days, the stock has lost -4.49%. Match Group Inc shares have fallen nearly -13.84% since the year began. Nevertheless, the stocks have fallen -5.98% over the past one year. While a 52-week high of $42.42 was reached on 01/09/24, a 52-week low of $27.66 was recorded on 05/08/24. SMA at 50 days reached $34.45, while 200 days put it at $33.81.

Levels Of Support And Resistance For MTCH Stock

The 24-hour chart illustrates a support level at 30.81, which if violated will result in even more drops to 30.17. On the upside, there is a resistance level at 31.79. A further resistance level may holdings at 32.13. The Relative Strength Index (RSI) on the 14-day chart is 41.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.07%. Stochastics %K at 23.81% indicates the stock is a holding.

How much short interest is there in Match Group Inc?

A steep rise in short interest was recorded in Match Group Inc stocks on 2024-11-29, growing by 5.5 million shares to a total of 19.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 14.15 million shares. There was a rise of 28.0%, which implies that there is a positive sentiment for the stock.

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