In a filing, MakeMyTrip Ltd revealed its Officer RAJESH MAGOW acquired Company’s shares for reported $2.38 million on Feb 04 ’25. In the deal valued at $118.89 per share,20,000 shares were bought.
Then, MOHIT KABRA bought 640 shares, generating $78,720 in total proceeds.
Before that, RAJESH MAGOW bought 20,000 shares. MakeMyTrip Ltd shares valued at $2,400,000 were divested by the Officer at a price of $120.00 per share.
BofA Securities reiterated its MakeMyTrip Ltd [MMYT] rating to a Buy in a research note published on December 27, 2024; the price target was $130. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Neutral”. Morgan Stanley also remained covering MMYT and has increased its forecast on December 08, 2022 with a “an Overweight” recommendation from previously “an Equal-weight” rating. JP Morgan started covering the stock on September 14, 2022. It rated MMYT as “an Overweight”.
Price Performance Review of MMYT
On Tuesday, MakeMyTrip Ltd [NASDAQ:MMYT] saw its stock jump 2.76% to $106.59. Over the last five days, the stock has lost -5.25%. MakeMyTrip Ltd shares have fallen nearly -5.07% since the year began. Nevertheless, the stocks have risen 42.88% over the past one year. While a 52-week high of $123.00 was reached on 01/06/25, a 52-week low of $72.55 was recorded on 03/10/25. SMA at 50 days reached $99.86, while 200 days put it at $102.74.
Levels Of Support And Resistance For MMYT Stock
The 24-hour chart illustrates a support level at 104.23, which if violated will result in even more drops to 101.86. On the upside, there is a resistance level at 108.60. A further resistance level may holdings at 110.61. The Relative Strength Index (RSI) on the 14-day chart is 53.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.95%. Stochastics %K at 43.49% indicates the stock is a holding.
