MultiPlan Corp’s recent filing unveils that its SVP, Chief Information Officer Kim Michael acquired Company’s shares for reported $0.25 million on Nov 15 ’24. In the deal valued at $6.24 per share,40,000 shares were bought. As a result of this transaction, Kim Michael now holds 1,312,772 shares worth roughly $25.74 million.
Then, Mintz William B. bought 197,000 shares, generating $78,800 in total proceeds. Upon buying the shares at $0.40, the SVP, Corp. Affairs/Strategy now owns 2,206,736 shares.
Before that, Mintz William B. bought 81,165 shares. MultiPlan Corp shares valued at $25,559 were divested by the SVP, Corp. Affairs/Strategy at a price of $0.31 per share. As a result of the transaction, Mintz William B. now holds 2,009,736 shares, worth roughly $39.41 million.
Piper Sandler initiated its MultiPlan Corp [MPLN] rating to a Neutral in a research note published on June 26, 2024; the price target was $2. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Goldman began covering MPLN with “Neutral” recommendation on July 12, 2022.
Price Performance Review of MPLN
On Tuesday, MultiPlan Corp [NYSE:MPLN] saw its stock fall -32.84% to $19.61. Over the last five days, the stock has lost -32.22%. MultiPlan Corp shares have risen nearly 32.68% since the year began. Nevertheless, the stocks have fallen -56.62% over the past one year. While a 52-week high of $48.80 was reached on 02/20/25, a 52-week low of $4.80 was recorded on 01/08/25. SMA at 50 days reached $16.72, while 200 days put it at $13.76.
Levels Of Support And Resistance For MPLN Stock
The 24-hour chart illustrates a support level at 14.84, which if violated will result in even more drops to 10.06. On the upside, there is a resistance level at 22.41. A further resistance level may holdings at 25.20. The Relative Strength Index (RSI) on the 14-day chart is 43.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.25%. Stochastics %K at 76.55% indicates the stock is a holding.
The most recent change occurred on April 07, 2021 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
