Recent Insider Activity Could Benefit Repay Holdings Corporation (RPAY)

In a filing, Repay Holdings Corporation revealed its Chief Accounting Officer Sullivan Thomas Eugene unloaded Company’s shares for reported $0.26 million on Nov 22. In the deal valued at $7.40 per share,35,000 shares were sold. As a result of this transaction, Sullivan Thomas Eugene now holds 100,302 shares worth roughly $0.8 million.

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Then, Hartheimer Robert Herman sold 6,874 shares, generating $54,992 in total proceeds. Upon selling the shares at $8.00, the Director now owns 63,331 shares.

Before that, Hartheimer Robert Herman sold 5,000 shares. Repay Holdings Corporation shares valued at $39,800 were divested by the Director at a price of $7.96 per share. As a result of the transaction, Hartheimer Robert Herman now holds 70,205 shares, worth roughly $0.56 million.

BMO Capital Markets initiated its Repay Holdings Corporation [RPAY] rating to a Market perform in a research note published on , December 05, 2023; the price target was $9.

Price Performance Review of RPAY

On Tuesday, Repay Holdings Corporation [NASDAQ:RPAY] saw its stock fall -0.88% to $7.93. Over the last five days, the stock has gained 3.26%. Repay Holdings Corporation shares have fallen nearly -7.14% since the year began. Nevertheless, the stocks have fallen -17.65% over the past one year. While a 52-week high of $10.43 was reached on 01/02/24, a 52-week low of $5.61 was recorded on 01/19/24. SMA at 50 days reached $7.79, while 200 days put it at $7.46. A total of 0.57 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For RPAY Stock

The 24-hour chart illustrates a support level at 7.88, which if violated will result in even more drops to 7.82. On the upside, there is a resistance level at 7.99. A further resistance level may holdings at 8.04. The Relative Strength Index (RSI) on the 14-day chart is 53.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.21%. Stochastics %K at 70.30% indicates the stock is a holding.

How much short interest is there in Repay Holdings Corporation?

A steep rise in short interest was recorded in Repay Holdings Corporation stocks on Jan 11, 2024, dropping by 60000.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 1.64 million shares. There was a decline of -3.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.

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