RE/MAX Holdings Inc.’s recent filing unveils that its Director CUNNINGHAM KATHLEEN J unloaded Company’s shares for reported $54824.0 on Jun 15. In the deal valued at $18.27 per share,3,000 shares were sold. As a result of this transaction, CUNNINGHAM KATHLEEN J now holds 26,707 shares worth roughly $ 0.44 million.
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Then, Peterson Adam K bought 16,000 shares, generating $303,520 in total proceeds. Upon buying the shares at $18.97, the 10% Owner now owns 2,601,582 shares.
Before that, Peterson Adam K bought 411 shares. RE/MAX Holdings Inc. shares valued at $7,797 were divested by the 10% Owner at a price of $18.97 per share. As a result of the transaction, Peterson Adam K now holds 2,585,582 shares, worth roughly $42.4 million.
BTIG Research initiated its RE/MAX Holdings Inc. [RMAX] rating to a Neutral in a research note published on Friday.
Price Performance Review of RMAX
On Friday, RE/MAX Holdings Inc. [NYSE:RMAX] saw its stock jump 1.23% to $16.40. On the same session, the stock had its day’s lowest price of $16.21, but rose to a high of $16.59. Over the last five days, the stock has gained 0.68%. RE/MAX Holdings Inc. shares have fallen nearly -12.02% since the year began. Nevertheless, the stocks have fallen -27.94% over the past one year. While a 52-week high of $24.28 was reached on 02/02/23, a 52-week low of $16.11 was recorded on 08/23/23. SMA at 50 days reached $18.61, while 200 days put it at $19.17. A total of 70301.0 shares were traded, compared to the trading of 74100.0 shares in the previous session.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 16.21, which if violated will result in even more drops to 16.02. On the upside, there is a resistance level at 16.59. A further resistance level may holdings at 16.78. The Relative Strength Index (RSI) on the 14-day chart is 33.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.06%. Stochastics %K at 8.27% indicates the stock is a buying.
How much short interest is there in RE/MAX Holdings Inc.?
A steep rise in short interest was recorded in RE/MAX Holdings Inc. stocks on Aug 14, 2023, dropping by 3720.0 shares to a total of 0.46 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.47 million shares. There was a decline of -0.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.17.
RE/MAX Holdings Inc. [RMAX] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,762,738 shares, or roughly 15.24% of the outstanding RMAX shares. In other words, the investor’s shares have fallen by -83,999 from its previous 13-F filing of 2846737.0. Additionally, The Magnolia Group LLC increased 1.79% of its stake after which the total value it holdings stand at $51,277,181, while The Vanguard Group, Inc. reduced -1.12% of its stake to hold $40.82 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -92,599 shares of RE/MAX Holdings Inc., while RPD Fund Management LLC sold -164,039 shares. At present, Renaissance Technologies LLC is holding 889,400 shares valued at $17.53 million. SSgA Funds Management, Inc. owned 689,900 shares of the company at the time of its most recent 13F filing, worth $13.6 million.
According to FactSet, RE/MAX Holdings Inc.’s share price will average $19.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.37 percent from its previous closing price of $16.20. Analysts expect RE/MAX Holdings Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $18.00. However, 7 analysts have rated RMAX stock as a Hold in their predictions for 2023.