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. Marketwise Inc shares valued at $7,519 were purchased by Tongue Glenn H on Sep 17 ’24. At $0.70 per share, Tongue Glenn H acquired 10,764 shares. The insider’s holdings grew to 24,038 shares worth approximately $15384.32 following the completion of this transaction.
Also, Tongue Glenn H purchased 5,000 shares, netting a total of over 3,500 in proceeds. Following the buying of shares at $0.70 each, the insider now holds 255,812 shares.
Before that, Greenhaven Road Investment Man had sold 103,304 shares from its account. In a trade valued at $163,313, the 10% Owner traded Marketwise Inc shares for $1.58 each. Upon closing the transaction, the insider’s holdings decreased to 103,304 shares, worth approximately $1.21 million.
As published in a research note from UBS on December 01, 2023, Marketwise Inc [MKTW] has been rated down from a Buy to a Neutral and the price target has been revised to $3.50 from $3. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late March. As of March 11, 2022, Wedbush has decreased its “an Outperform” rating to a “Neutral” for MKTW.
Analyzing MKTW Stock Performance
During the last five days, there has been a surge of approximately 19.77%. Over the course of the year, Marketwise Inc shares have jumped approximately 12.41%. Shares of the company reached a 52-week high of $0.6380 on 01/15/25 and a 52-week low of $0.4940 on 01/13/25. A 50-day SMA is recorded $0.5358, while a 200-day SMA reached $0.9605. Nevertheless, trading volume fell to 2.94 million shares from 91000.0 shares the previous day.
Support And Resistance Levels for Marketwise Inc (MKTW)
According to the 24-hour chart, there is a support level at 0.5565, which, if violated, would cause prices to drop to 0.4752. In the upper region, resistance lies at 0.6786. The next price resistance is at 0.7194. RSI (Relative Strength Index) is 63.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0173, which suggests the price will decrease in the coming days. Percent R is at 0.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
