In a filing, Mama’s Creations Inc revealed its Chief Executive Officer Michaels Adam Laurance unloaded Company’s shares for reported $0.49 million on Sep 24 ’24. In the deal valued at $7.42 per share,65,898 shares were sold. As a result of this transaction, Michaels Adam Laurance now holds 543,260 shares worth roughly $4.48 million.
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Then, Michaels Adam Laurance bought 65,898 shares, generating $489,186 in total proceeds.
Before that, Brown Matthew sold 5,629,921 shares. Mama’s Creations Inc shares valued at $19,704,724 were divested by the 10% Owner at a price of $3.50 per share. As a result of the transaction, Brown Matthew now holds 0 shares, worth roughly $0.0.
ROTH MKM initiated its Mama’s Creations Inc [MAMA] rating to a Buy in a research note published on February 01, 2024; the price target was $6. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating.
Price Performance Review of MAMA
On Tuesday, Mama’s Creations Inc [NASDAQ:MAMA] saw its stock fall -14.95% to $8.25. Over the last five days, the stock has lost -13.88%. Mama’s Creations Inc shares have risen nearly 68.02% since the year began. Nevertheless, the stocks have risen 106.25% over the past one year. While a 52-week high of $9.98 was reached on 12/05/24, a 52-week low of $3.70 was recorded on 02/05/24. SMA at 50 days reached $8.43, while 200 days put it at $7.13.
Levels Of Support And Resistance For MAMA Stock
The 24-hour chart illustrates a support level at 7.84, which if violated will result in even more drops to 7.43. On the upside, there is a resistance level at 8.84. A further resistance level may holdings at 9.42. The Relative Strength Index (RSI) on the 14-day chart is 39.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.27%. Stochastics %K at 47.88% indicates the stock is a holding.
How much short interest is there in Mama’s Creations Inc?
A steep rise in short interest was recorded in Mama’s Creations Inc stocks on 2024-11-29, dropping by 9014.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.93 million shares. There was a decline of -0.47%, which implies that there is a negative sentiment for the stock.
