Rush Street Interactive Inc. [RSI] Investment Guide: What You Need to Know

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Rush Street Interactive Inc.’s filing revealed that its Chief Executive Officer SCHWARTZ RICHARD TODD unloaded Company’s shares for reported $10127.0 on Apr 11. In the deal valued at $3.08 per share,3,285 shares were sold. As a result of this transaction, SCHWARTZ RICHARD TODD now holds 1,653,168 shares worth roughly $ 7.47 million.

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Then, BLUHM NEIL sold 1,084 shares, generating $3,342 in total proceeds. Upon selling the shares at $3.08, the Executive Chairman now owns 76,566 shares.

Before that, SCHWARTZ RICHARD TODD sold 24,955 shares. Rush Street Interactive Inc. shares valued at $75,669 were divested by the Chief Executive Officer at a price of $3.03 per share. As a result of the transaction, SCHWARTZ RICHARD TODD now holds 2,128,607 shares, worth roughly $9.62 million.

Susquehanna upgraded its Rush Street Interactive Inc. [RSI] rating to a Positive from a a Neutral in a research note published on Tuesday, April 06, 2023; the price target was decreased to $4.25 from $7. PT values the company’s stock at a premium of -6.35 to its Tuesday closing price.

Price Performance Review of RSI

On Tuesday, Rush Street Interactive Inc. [NYSE:RSI] saw its stock fall -1.95% to $4.52. On the same session, the stock had its day’s lowest price of $4.46, but rose to a high of $4.60. Over the last five days, the stock has lost -1.74%. Rush Street Interactive Inc. shares have risen nearly 25.91% since the year began. Nevertheless, the stocks have fallen -9.42% over the past one year. While a 52-week high of $5.49 was reached on 02/02/23, a 52-week low of $2.77 was recorded on 04/06/23. SMA at 50 days reached $3.83, while 200 days put it at $3.57. A total of 0.62 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For RSI Stock

The 24-hour chart illustrates a support level at 4.45, which if violated will result in even more drops to 4.39. On the upside, there is a resistance level at 4.59. A further resistance level may holdings at 4.67. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.09%. Stochastics %K at 79.16% indicates the stock is a holding.

How much short interest is there in Rush Street Interactive Inc.?

A steep rise in short interest was recorded in Rush Street Interactive Inc. stocks on Aug 14, 2023, dropping by -0.33 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.37 million shares. There was a decline of -16.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.07% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.42.

Rush Street Interactive Inc. [RSI] – Who Are The Largest Shareholders?

In filings from HG Vora Capital Management LLC, it is revealed that the company now owns 6,000,000 shares, or roughly 8.91% of the outstanding RSI shares. Over the last quarter, Nomura Securities Co., Ltd. sold -175,000 shares of Rush Street Interactive Inc., while BlackRock Fund Advisors sold 299,200 shares. At present, Goldman Sachs & Co. LLC is holding 2,944,823 shares valued at $11.28 million. Morgan Stanley & Co. LLC owned 2,559,763 shares of the company at the time of its most recent 13F filing, worth $9.8 million.

According to FactSet, Rush Street Interactive Inc.’s share price will average $6.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.15 percent from its previous closing price of $4.61. Analysts expect Rush Street Interactive Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $4.50. However, 9 analysts have rated RSI stock as a Buy in their predictions for 2023.

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