MarketWise, Inc. Major Shareholder Executes Sale of Company Stock Worth Over $69K

A significant stakeholder in MarketWise, Inc. (NASDAQ:MKTW), known as Greenhaven Road Investment Man, has recently sold a considerable number of shares in the company. On November 13th, 2023, the major shareholder sold 25,347 shares at an average price of $2.73 per share, amounting to a total of $69,197.31. This insider transaction follows a series of other sales carried out by Greenhaven Road Investment Man, which were disclosed in accordance with regulatory requirements.

Disclosure of Sale

Post-transaction, Greenhaven Road Investment Man's ownership in the company comprises 1,991,891 shares, valued at approximately $5.43 million. The sale details have been formally disclosed to the Securities & Exchange Commission and can be accessed publicly through their filing records.

Recent Selling Activities

Prior to the notable sale on November 13th, Greenhaven Road Investment Man engaged in several other transactions:

• On November 17th, 24,981 shares were sold at $3.01 each.
• On November 15th, 5,663 shares were sold at $2.99 each.
• On November 10th, 1,600 shares were sold at $2.46 each.
• On November 8th, 1,553 shares were sold at $2.50 each.

MarketWise Stock Performance

MarketWise stock began trading at an open price of $3.01 on the day the headline news broke. The company's stock has seen a low and high of $1.24 and $3.10 respectively within a 52-week period. As of recent, MarketWise's moving average price was around $1.90 over both 50-day and 200-day periods.

Dividend Announcement

Furthermore, MarketWise declared a quarterly dividend, scheduled for payment on January 25th to shareholders recorded as of December 25th. The dividend, set at $0.01 per share, represents an annualized dividend yield of 1.33% based on the preceding ex-dividend date of December 21st.

Institution Trends

Within recent times, both hedge funds and institutional investors made substantial adjustments to their holdings in MarketWise. Notably, new positions were acquired while existing stakes were increased, indicating varying degrees of confidence amongst these investors.

Analysts' Perspectives

Analysts, such as those from Needham & Company LLC, have maintained their ratings on MarketWise shares, with price targets reaffirmed. These assessments contribute to investor sentiment and market outlook for the company.

Understanding MarketWise

MarketWise operates a multi-branded platform offering financial research, software, and educational tools to self-directed investors. The range of investment strategies and products provided caters to a diverse audience seeking to navigate the financial markets through various media platforms including mobile and desktop devices.

MarketWise, Stock, Sale