Monitise (MONI) Share Price London Stock Exchange October 31
Thursday was another good day for Monitise (MONI). Having opened at 32.250p, the shares initially dropped hitting 31.625p; however, they soon recovered and topped 34.625p before closing up 4.3% for the day at 33.375p. This means that Monitise’s share price is now up 10.34% for the week and 5.79% for the month.
Brokers also appear to have confidence in the future of Monitise shares, Canaccord Genuity is recommending buying the shares and they have set a target price of 85p. However, investors don’t seem as convinced, 48.63% of Monitise shares traded on Thursday were sold while only a slight majority of 51.37% were bought.
The shares received a boost after US billionaire Leon Cooperman praised the company and held on to his stake during its recent problems, furthermore, he also tried to acquire Visa’s stake in Monitise.