The stock of Marketwise Inc (NASDAQ:MKTW) last traded at $0.61, up 3.31% from the previous session.
MKTW stock price is now -14.18% away from the 50-day moving average and -56.78% away from the 200-day moving average. The market capitalization of the company currently stands at $26.58M.
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With the price target enhanced from $3 to $3.50, UBS Downgraded its rating from Buy to Neutral for Marketwise Inc (NASDAQ: MKTW). , while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, Tongue Glenn H, Director bought 10,764 shares of the company’s stock on Sep 17 ’24. The stock was bought for $7,519 at an average price of $0.70. Upon completion of the transaction, the Director now directly owns 24,038 shares in the company, valued at $14663.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’24, Director Tongue Glenn H bought 5,000 shares of the business’s stock. A total of $3,500 was incurred on buying the stock at an average price of $0.70. This leaves the insider owning 255,812 shares of the company worth $0.16 million. A total of 38.07% of the company’s stock is owned by insiders.
During the past 12 months, Marketwise Inc has had a low of $0.53 and a high of $3.62. The fifty day moving average price for MKTW is $0.70854 and a two-hundred day moving average price translates $1.409275 for the stock.
The latest earnings results from Marketwise Inc (NASDAQ: MKTW) was released for 2024-06-30. The company reported revenue of $105.05 million for the quarter, compared to $103.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.35 percent.
