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. MoneyLion Inc shares valued at $529,198 were sold by Hong Timmie on Dec 16 ’24. At $86.84 per share, Hong Timmie sold 6,094 shares. The insider’s holdings dropped to 86,015 shares worth approximately $7.44 million following the completion of this transaction.
Also, TIMMIE HONG purchased 6,094 shares, netting a total of over 532,494 in proceeds.
Before that, Sugden Chris had sold 25,000 shares from its account. In a trade valued at $2,155,380, the Director traded MoneyLion Inc shares for $86.22 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $91.84 million.
As published in a research note from Oppenheimer on November 07, 2024, MoneyLion Inc [ML] has been rated up from a Perform to an Outperform and the price target has been revised to $80. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in early October. As of April 03, 2024, Needham has initiated its “Buy” rating for ML. Earlier on December 19, 2023, Lake Street initiated its rating. Their recommendation was “a Buy” for ML stock.
Analyzing ML Stock Performance
During the last five days, there has been a surge of approximately 0.50%. Over the course of the year, MoneyLion Inc shares have jumped approximately 0.50%. Shares of the company reached a 52-week high of $87.48 on 01/06/25 and a 52-week low of $85.65 on 01/08/25. A 50-day SMA is recorded $78.63, while a 200-day SMA reached $67.31. Nevertheless, trading volume fell to 0.19 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for MoneyLion Inc (ML)
According to the 24-hour chart, there is a support level at 85.86, which, if violated, would cause prices to drop to 85.28. In the upper region, resistance lies at 86.81. The next price resistance is at 87.19. RSI (Relative Strength Index) is 56.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 75.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
