Match Group Inc’s filing revealed that its Director Bailey Stephen unloaded Company’s shares for reported $25320.0 on Nov 22 ’24. In the deal valued at $31.61 per share,801 shares were sold. As a result of this transaction, Bailey Stephen now holds 12,398 shares worth roughly $0.4 million.
Then, Sine Jared F. sold 500 shares, generating $18,025 in total proceeds. Upon selling the shares at $36.05, the Chief Bus. Affairs & Leg. Off. now owns 54,009 shares.
Before that, Sine Jared F. sold 500 shares. Match Group Inc shares valued at $19,380 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $38.76 per share. As a result of the transaction, Sine Jared F. now holds 29,352 shares, worth roughly $0.95 million.
JP Morgan downgraded its Match Group Inc [MTCH] rating to a Neutral from a an Overweight in a research note published on December 18, 2024; the price target was decreased to $33 from $40. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. New Street also remained covering MTCH and has decreased its forecast on December 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 07, 2024. It rated MTCH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTCH
On Tuesday, Match Group Inc [NASDAQ:MTCH] saw its stock fall -2.94% to $32.40. Over the last five days, the stock has lost -1.22%. Match Group Inc shares have fallen nearly -0.95% since the year began. Nevertheless, the stocks have fallen -11.67% over the past one year. While a 52-week high of $42.42 was reached on 01/07/25, a 52-week low of $27.66 was recorded on 01/07/25. SMA at 50 days reached $32.94, while 200 days put it at $33.66.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 31.89, which if violated will result in even more drops to 31.39. On the upside, there is a resistance level at 33.35. A further resistance level may holdings at 34.31. The Relative Strength Index (RSI) on the 14-day chart is 47.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.85%. Stochastics %K at 65.56% indicates the stock is a holding.
How much short interest is there in Match Group Inc?
A steep rise in short interest was recorded in Match Group Inc stocks on 2024-12-13, dropping by -0.23 million shares to a total of 15.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.57 million shares. There was a decline of -1.53%, which implies that there is a negative sentiment for the stock.
