Match Group Inc’s recent filing unveils that its Director Schiffman Glenn acquired Company’s shares for reported $0.1 million on Feb 06 ’25. In the deal valued at $34.47 per share,3,000 shares were bought. As a result of this transaction, Schiffman Glenn now holds 33,827 shares worth roughly $1.11 million.
Then, Rascoff Spencer M bought 59,560 shares, generating $2,049,704 in total proceeds. Upon buying the shares at $34.41, the Chief Executive Officer now owns 59,560 shares.
Before that, Bailey Stephen sold 801 shares. Match Group Inc shares valued at $25,320 were divested by the Director at a price of $31.61 per share. As a result of the transaction, Bailey Stephen now holds 12,398 shares, worth roughly $0.41 million.
HSBC Securities downgraded its Match Group Inc [MTCH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “an In-line”. BTIG Research also remained covering MTCH and has decreased its forecast on January 14, 2025 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on December 18, 2024. It rated MTCH as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of MTCH
On Friday, Match Group Inc [NASDAQ:MTCH] saw its stock fall -3.25% to $32.77. Over the last five days, the stock has lost -3.65%. Match Group Inc shares have risen nearly 0.18% since the year began. Nevertheless, the stocks have fallen -9.35% 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 $33.25, while 200 days put it at $33.73.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 32.32, which if violated will result in even more drops to 31.87. On the upside, there is a resistance level at 33.63. A further resistance level may holdings at 34.48. The Relative Strength Index (RSI) on the 14-day chart is 42.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.94%. Stochastics %K at 21.09% indicates the stock is a holding.
