In a filing, MoneyLion Inc revealed its Chief Product Officer Hong Timmie unloaded Company’s shares for reported $0.53 million on Dec 16 ’24. In the deal valued at $86.84 per share,6,094 shares were sold. As a result of this transaction, Hong Timmie now holds 86,015 shares worth roughly $7.45 million.
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Then, TIMMIE HONG bought 6,094 shares, generating $532,494 in total proceeds.
Before that, Sugden Chris sold 25,000 shares. MoneyLion Inc shares valued at $2,155,380 were divested by the Director at a price of $86.22 per share. As a result of the transaction, Sugden Chris now holds 1,062,505 shares, worth roughly $92.06 million.
Oppenheimer upgraded its MoneyLion Inc [ML] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early October with a ‘”a Perform”‘ rating. Needham began covering ML with “Buy” recommendation on April 03, 2024. Lake Street started covering the stock on December 19, 2023. It rated ML as “a Buy”.
Price Performance Review of ML
On Tuesday, MoneyLion Inc [NYSE:ML] saw its stock jump 0.45% to $86.64. Over the last five days, the stock has gained 0.45%. MoneyLion Inc shares have risen nearly 38.20% since the year began. Nevertheless, the stocks have risen 45.03% over the past one year. While a 52-week high of $106.82 was reached on 05/30/24, a 52-week low of $36.65 was recorded on 10/03/24. SMA at 50 days reached $71.43, while 200 days put it at $66.36.
Levels Of Support And Resistance For ML Stock
The 24-hour chart illustrates a support level at 86.05, which if violated will result in even more drops to 85.46. On the upside, there is a resistance level at 87.14. A further resistance level may holdings at 87.64. The Relative Strength Index (RSI) on the 14-day chart is 58.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.32%. Stochastics %K at 73.97% indicates the stock is a holding.
How much short interest is there in MoneyLion Inc?
A steep rise in short interest was recorded in MoneyLion Inc stocks on 2024-11-29, dropping by -0.16 million shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.52 million shares. There was a decline of -42.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 27, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
