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. Mama’s Creations Inc shares valued at $489,187 were sold by Michaels Adam Laurance on Sep 24 ’24. At $7.42 per share, Michaels Adam Laurance sold 65,898 shares. The insider’s holdings dropped to 543,260 shares worth approximately $3.7 million following the completion of this transaction.
Also, Michaels Adam Laurance purchased 65,898 shares, netting a total of over 489,186 in proceeds.
As published in their initiating research note from ROTH MKM on February 01, 2024, Mama’s Creations Inc [MAMA] has been a Buy and the price target has been revised to $6. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December.
Analyzing MAMA Stock Performance
During the last five days, there has been a drop of approximately -14.45%. Over the course of the year, Mama’s Creations Inc shares have dropped approximately -14.45%. Shares of the company reached a 52-week high of $8.20 on 01/02/25 and a 52-week low of $6.77 on 01/07/25. A 50-day SMA is recorded $8.33, while a 200-day SMA reached $7.31. Nevertheless, trading volume fell to 0.28 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Mama’s Creations Inc (MAMA)
According to the 24-hour chart, there is a support level at 6.70, which, if violated, would cause prices to drop to 6.59. In the upper region, resistance lies at 7.02. The next price resistance is at 7.23. RSI (Relative Strength Index) is 30.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 97.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
