MeridianLink Inc’s recent filing unveils that its Chief Executive Officer Vlok Nicolaas unloaded Company’s shares for reported $1.58 million on Dec 18 ’24. In the deal valued at $21.99 per share,71,644 shares were sold. As a result of this transaction, Vlok Nicolaas now holds 1,043,382 shares worth roughly $20.49 million.
Then, Vlok Nicolaas sold 71,598 shares, generating $1,515,880 in total proceeds. Upon selling the shares at $21.17, the Chief Executive Officer now owns 1,043,382 shares.
Before that, Vlok Nicolaas sold 1,233 shares. MeridianLink Inc shares valued at $26,007 were divested by the Chief Executive Officer at a price of $21.09 per share. As a result of the transaction, Vlok Nicolaas now holds 1,043,382 shares, worth roughly $20.49 million.
UBS upgraded its MeridianLink Inc [MLNK] rating to a Neutral from a a Sell in a research note published on November 11, 2024; the price target was increased to $22.50 from $18. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early February from “an Underperform” to “a Peer perform”. UBS began covering MLNK with “Sell” recommendation on October 20, 2023.
Price Performance Review of MLNK
On Friday, MeridianLink Inc [NYSE:MLNK] saw its stock jump 1.55% to $19.64. Over the last five days, the stock has gained 5.31%. MeridianLink Inc shares have fallen nearly -4.89% since the year began. Nevertheless, the stocks have fallen -12.79% over the past one year. While a 52-week high of $25.33 was reached on 01/02/25, a 52-week low of $16.49 was recorded on 01/13/25. SMA at 50 days reached $21.92, while 200 days put it at $21.02.
Levels Of Support And Resistance For MLNK Stock
The 24-hour chart illustrates a support level at 19.46, which if violated will result in even more drops to 19.29. On the upside, there is a resistance level at 19.74. A further resistance level may holdings at 19.85. The Relative Strength Index (RSI) on the 14-day chart is 37.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.03%. Stochastics %K at 33.05% indicates the stock is a holding.
How much short interest is there in MeridianLink Inc?
A steep rise in short interest was recorded in MeridianLink Inc stocks on 2024-12-31, growing by 0.42 million shares to a total of 1.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.0 million shares. There was a rise of 29.62%, which implies that there is a positive sentiment for the stock.
