Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Match Group Inc shares valued at $25,320 were sold by Bailey Stephen on Nov 22 ’24. At $31.61 per share, Bailey Stephen sold 801 shares. The insider’s holdings dropped to 12,398 shares worth approximately $0.41 million following the completion of this transaction.
Also, Sine Jared F. sold 500 shares, netting a total of over 18,025 in proceeds. Following the sale of shares at $36.05 each, the insider now holds 54,009 shares.
Before that, Sine Jared F. had sold 500 shares from its account. In a trade valued at $19,380, the Chief Bus. Affairs & Leg. Off. traded Match Group Inc shares for $38.76 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.98 million.
As published in a research note from BTIG Research on January 14, 2025, Match Group Inc [MTCH] has been rated down from a Buy to a Neutral. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 17, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for MTCH. Earlier on December 16, 2024, New Street downgraded its rating. Their new recommendation was “a Neutral” for MTCH stock which previously was a “a Buy”.
Analyzing MTCH Stock Performance
During the last five days, there has been a surge of approximately 3.71%. Over the course of the year, Match Group Inc shares have jumped approximately 1.68%. Shares of the company reached a 52-week high of $33.80 on 01/07/25 and a 52-week low of $30.68 on 01/13/25. A 50-day SMA is recorded $32.13, while a 200-day SMA reached $33.51. Nevertheless, trading volume fell to 3.32 million shares from 2.88 million shares the previous day.
Support And Resistance Levels for Match Group Inc (MTCH)
According to the 24-hour chart, there is a support level at 32.61, which, if violated, would cause prices to drop to 31.97. In the upper region, resistance lies at 33.61. The next price resistance is at 33.97. RSI (Relative Strength Index) is 56.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 17.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
