The RealReal Inc.’s filing revealed that its President Sahi Levesque Rati unloaded Company’s shares for reported $19395.0 on Nov 22. In the deal valued at $1.38 per share,14,054 shares were sold. As a result of this transaction, Sahi Levesque Rati now holds 642,838 shares worth roughly $ 0.84 million.
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Then, Sahi Levesque Rati sold 11,787 shares, generating $17,359 in total proceeds. Upon selling the shares at $1.47, the President now owns 656,892 shares.
Before that, Suko Todd A sold 11,174 shares. The RealReal Inc. shares valued at $16,459 were divested by the Chief Legal Officer and Secret at a price of $1.47 per share. As a result of the transaction, Suko Todd A now holds 374,191 shares, worth roughly $0.49 million.
Wells Fargo downgraded its The RealReal Inc. [REAL] rating to an Equal weight from a an Overweight in a research note published on Tuesday, January 06, 2023; the price target was decreased to $2 from $5. PT values the company’s stock at a premium of 34.5 to its Tuesday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. Cowen also remained covering REAL and has decreased its forecast on August 12, 2022 with a “Market perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on August 10, 2022. It rated REAL as “an Underperform” which previously was an “a Buy”.
Price Performance Review of REAL
On Tuesday, The RealReal Inc. [NASDAQ:REAL] saw its stock fall -5.76% to $1.31. On the same session, the stock had its day’s lowest price of $1.31, but rose to a high of $1.47. Over the last five days, the stock has lost -20.12%. The RealReal Inc. shares have risen nearly 4.80% since the year began. Nevertheless, the stocks have fallen -79.27% over the past one year. While a 52-week high of $8.61 was reached on 02/02/23, a 52-week low of $1.04 was recorded on 01/04/23. SMA at 50 days reached $1.5176, while 200 days put it at $1.9460. A total of 2.85 million shares were traded, compared to the trading of 4.45 million shares in the previous session.
Levels Of Support And Resistance For REAL Stock
The 24-hour chart illustrates a support level at 1.2567, which if violated will result in even more drops to 1.2033. On the upside, there is a resistance level at 1.4167. A further resistance level may holdings at 1.5233. The Relative Strength Index (RSI) on the 14-day chart is 41.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0902, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.16%. Stochastics %K at 16.34% indicates the stock is a buying.
How much short interest is there in The RealReal Inc.?
A steep rise in short interest was recorded in The RealReal Inc. stocks on Jan 30, 2023, dropping by 60000.0 shares to a total of 12.66 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 12.72 million shares. There was a decline of -0.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.52.
The RealReal Inc. [REAL] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,557,780 shares, or roughly 5.67% of the outstanding REAL shares. In other words, the investor’s shares have fallen by -561,603 from its previous 13-F filing of 6119383.0. Additionally, The Vanguard Group, Inc. decreased -9.02% of its stake after which the total value it holdings stand at $6,838,584, while Marshall Wace LLP added 24.17% of its stake to hold $5.66 million in the firm. Over the last quarter, Fidelity Investments Canada ULC purchased 10,000 shares of The RealReal Inc., while D. E. Shaw & Co. LP bought 368,016 shares. At present, SSgA Funds Management, Inc. is holding 3,163,376 shares valued at $4.27 million. Millennium Management LLC owned 2,901,658 shares of the company at the time of its most recent 13F filing, worth $3.92 million.
However, 14 analysts have rated REAL stock as an Overweight in their predictions for 2023.