Greenhaven Road Investment Man Sells 7,456 Shares of MarketWise, Inc. (NASDAQ:MKTW) Stock
MarketWise, Inc. (NASDAQ:MKTW – Get Free Report) major shareholder Greenhaven Road Investment Man sold 7,456 shares of MarketWise stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $2.88, for a total value of $21,473.28. Following the completion of the transaction, the insider now owns 1,945,403 shares in the company, valued at $5,602,760.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Greenhaven Road Investment Man also recently made the following trade(s):
On Wednesday, December 6th, Greenhaven Road Investment Man sold 300 shares of MarketWise stock. The shares were sold at an average price of $3.26, for a total value of $978.00. On Wednesday, November 29th, Greenhaven Road Investment Man sold 5,743 shares of MarketWise stock. The shares were sold at an average price of $3.33, for a total value of $19,124.19. On Friday, November 24th, Greenhaven Road Investment Man sold 8,173 shares of MarketWise stock. The shares were sold at an average price of $3.25, for a total value of $26,562.25. On Wednesday, November 22nd, Greenhaven Road Investment Man sold 17,385 shares of MarketWise stock. The shares were sold at an average price of $3.22, for a total value of $55,979.70. On Friday, November 17th, Greenhaven Road Investment Man sold 24,981 shares of MarketWise stock. The shares were sold at an average price of $3.01, for a total value of $75,192.81. On Wednesday, November 15th, Greenhaven Road Investment Man sold 5,663 shares of MarketWise stock. The shares were sold at an average price of $2.99, for a total value of $16,932.37. On Monday, November 13th, Greenhaven Road Investment Man sold 25,347 shares of MarketWise stock. The stock was sold at an average price of $2.73, for a total value of $69,197.31. On Friday, November 10th, Greenhaven Road Investment Man sold 1,600 shares of MarketWise stock. The stock was sold at an average price of $2.46, for a total value of $3,936.00. On Wednesday, November 8th, Greenhaven Road Investment Man sold 1,553 shares of MarketWise stock. The stock was sold at an average price of $2.50, for a total value of $3,882.50. MarketWise Price Performance
MKTW stock traded up $0.20 during trading on Tuesday, reaching $3.01. 228,332 shares of the stock traded hands, compared to its average volume of 130,060. The business’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.07. MarketWise, Inc. has a 52-week low of $1.24 and a 52-week high of $3.62.
MarketWise Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, December 25th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, December 21st.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on MKTW shares. UBS Group cut MarketWise from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $3.00 to $3.50 in a report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $3.00 price target on shares of MarketWise in a research report on Monday, November 13th.
View Our Latest Stock Report on MarketWise
Institutional Investors Weigh In On MarketWise
Several institutional investors and hedge funds have recently modified their holdings of MKTW. Alliancebernstein L.P. purchased a new stake in shares of MarketWise in the third quarter worth about $26,000. Virtu Financial LLC purchased a new stake in shares of MarketWise in the second quarter worth about $28,000. American International Group Inc. purchased a new stake in shares of MarketWise in the second quarter worth about $29,000. Deuterium Capital Management LLC purchased a new stake in shares of MarketWise in the first quarter worth about $33,000. Finally, Jane Street Group LLC purchased a new position in MarketWise in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 29.26% of the company’s stock.
MarketWise Company Profile (Get Free Report)
MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.
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