Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Match Group Inc shares valued at $25,320 were sold by Bailey Stephen on Nov 22 ’24. At $31.61 per share, Bailey Stephen sold 801 shares. The insider’s holdings dropped to 12,398 shares worth approximately $0.39 million following the completion of this transaction.
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Also, Sine Jared F. sold 500 shares, netting a total of over 18,025 in proceeds. Following the sale of shares at $36.05 each, the insider now holds 54,009 shares.
Before that, Sine Jared F. had sold 500 shares from its account. In a trade valued at $19,380, the Chief Bus. Affairs & Leg. Off. traded Match Group Inc shares for $38.76 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.91 million.
As published in a research note from JP Morgan on December 18, 2024, Match Group Inc [MTCH] has been rated down from an Overweight to a Neutral and the price target has been revised to $33 from $40. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of December 16, 2024, New Street has decreased its “Buy” rating to a “Neutral” for MTCH. Earlier on November 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for MTCH stock which previously was a “a Buy”.
Analyzing MTCH Stock Performance
During the last five days, there has been a drop of approximately -1.27%. Over the course of the year, Match Group Inc shares have dropped approximately -14.85%. Shares of the company reached a 52-week high of $42.42 on 01/09/24 and a 52-week low of $27.66 on 05/08/24. A 50-day SMA is recorded $34.09, while a 200-day SMA reached $33.75. Nevertheless, trading volume fell to 4.59 million shares from 4.25 million shares the previous day.
Support And Resistance Levels for Match Group Inc (MTCH)
According to the 24-hour chart, there is a support level at 30.74, which, if violated, would cause prices to drop to 30.41. In the upper region, resistance lies at 31.63. The next price resistance is at 32.19. RSI (Relative Strength Index) is 41.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 76.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
