In a filing, Matterport Inc revealed its Chief Accounting Officer Presunka Peter unloaded Company’s shares for reported $61552.0 on Dec 02 ’24. In the deal valued at $4.73 per share,13,000 shares were sold. As a result of this transaction, Presunka Peter now holds 133,502 shares worth roughly $0.66 million.
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Then, Zinn Matthew sold 84,441 shares, generating $399,811 in total proceeds. Upon selling the shares at $4.73, the Chief Legal Officer now owns 505,882 shares.
Before that, Tulsi Japjit sold 85,015 shares. Matterport Inc shares valued at $402,529 were divested by the Chief Technology Officer at a price of $4.73 per share. As a result of the transaction, Tulsi Japjit now holds 608,744 shares, worth roughly $3.02 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 jump 0.20% to $4.96. Over the last five days, the stock has gained 1.64%. Matterport Inc shares have risen nearly 84.39% since the year began. Nevertheless, the stocks have risen 85.77% over the past one year. While a 52-week high of $5.00 was reached on 12/13/24, a 52-week low of $1.73 was recorded on 04/19/24. SMA at 50 days reached $4.75, while 200 days put it at $4.05.
Levels Of Support And Resistance For MTTR Stock
The 24-hour chart illustrates a support level at 4.91, which if violated will result in even more drops to 4.87. On the upside, there is a resistance level at 4.99. A further resistance level may holdings at 5.03. The Relative Strength Index (RSI) on the 14-day chart is 64.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.95%. Stochastics %K at 86.82% indicates the stock is a selling.
How much short interest is there in Matterport Inc?
A steep rise in short interest was recorded in Matterport Inc stocks on 2024-11-29, growing by 0.5 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.45 million shares. There was a rise of 12.65%, which implies that there is a positive 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 .
