The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Matterport Inc shares valued at $61,552 were sold by Presunka Peter on Dec 02 ’24. At $4.73 per share, Presunka Peter sold 13,000 shares. The insider’s holdings dropped to 133,502 shares worth approximately $0.64 million following the completion of this transaction.
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Also, Zinn Matthew sold 84,441 shares, netting a total of over 399,811 in proceeds. Following the sale of shares at $4.73 each, the insider now holds 505,882 shares.
Before that, Tulsi Japjit had sold 85,015 shares from its account. In a trade valued at $402,529, the Chief Technology Officer traded Matterport Inc shares for $4.73 each. Upon closing the transaction, the insider’s holdings decreased to 85,015 shares, worth approximately $2.92 million.
As published in their initiating research note from Northland Capital on April 11, 2024, Matterport Inc [MTTR] has been an Outperform and the price target has been revised to $3.50. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of October 23, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for MTTR. Earlier on January 23, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for MTTR stock which previously was a “a Buy”.
Analyzing MTTR Stock Performance
During the last five days, there has been a drop of approximately -2.85%. Over the course of the year, Matterport Inc shares have jumped approximately 77.70%. Shares of the company reached a 52-week high of $5.00 on 12/13/24 and a 52-week low of $1.73 on 04/19/24. A 50-day SMA is recorded $4.76, while a 200-day SMA reached $4.14. Nevertheless, trading volume fell to 0.93 million shares from 4.66 million shares the previous day.
Support And Resistance Levels for Matterport Inc (MTTR)
According to the 24-hour chart, there is a support level at 4.73, which, if violated, would cause prices to drop to 4.68. In the upper region, resistance lies at 4.82. The next price resistance is at 4.86. RSI (Relative Strength Index) is 47.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 53.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
