Match Group Inc’s recent filing unveils that its Director Bailey Stephen unloaded Company’s shares for reported $25320.0 on Nov 22 ’24. In the deal valued at $31.61 per share,801 shares were sold. As a result of this transaction, Bailey Stephen now holds 12,398 shares worth roughly $0.45 million.
Then, Sine Jared F. sold 500 shares, generating $18,025 in total proceeds. Upon selling the shares at $36.05, the Chief Bus. Affairs & Leg. Off. now owns 54,009 shares.
BTIG Research downgraded its Match Group Inc [MTCH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Jefferies also remained covering MTCH and has decreased its forecast on December 17, 2024 with a “Hold” recommendation from previously “Buy” rating. New Street revised its rating on December 16, 2024. It rated MTCH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MTCH
On Tuesday, Match Group Inc [NASDAQ:MTCH] saw its stock jump 3.02% to $36.47. Over the last five days, the stock has gained 2.96%. Match Group Inc shares have risen nearly 11.49% since the year began. Nevertheless, the stocks have fallen -4.65% over the past one year. While a 52-week high of $38.84 was reached on 02/04/25, a 52-week low of $27.66 was recorded on 01/13/25. SMA at 50 days reached $32.84, while 200 days put it at $33.59.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 35.71, which if violated will result in even more drops to 34.96. On the upside, there is a resistance level at 36.87. A further resistance level may holdings at 37.28. The Relative Strength Index (RSI) on the 14-day chart is 70.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.06%. Stochastics %K at 92.82% indicates the stock is a selling.
How much short interest is there in Match Group Inc?
A steep rise in short interest was recorded in Match Group Inc stocks on 2025-01-15, dropping by -1.61 million shares to a total of 13.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 15.34 million shares. There was a decline of -11.73%, which implies that there is a negative sentiment for the stock.
