Ready Capital Corp [RC] Records 50-Day SMA of $10.26

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ready Capital Corp shares valued at $284,866 were sold by Capasse Thomas E on Aug 15. At $10.70 per share, Capasse Thomas E sold 26,623 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, NATHAN GILBERT E purchased 3,841 shares, netting a total of over 42,443 in proceeds. Following the buying of shares at $11.05 each, the insider now holds 60,406 shares.

Before that, NATHAN GILBERT E had added 5,000 shares to its account. In a trade valued at $54,773, the Director bought Ready Capital Corp shares for $10.95 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.53 million.

As published in a research note from Raymond James on December 18, 2023, Ready Capital Corp [RC] has been rated down from an Outperform to a Mkt perform.

Analyzing RC Stock Performance

During the last five days, there has been a drop of approximately -3.70%. Over the course of the year, Ready Capital Corp shares have dropped approximately -8.59%. Shares of the company reached a 52-week high of $10.36 on 01/12/24 and a 52-week low of $9.35 on 01/31/24. A 50-day SMA is recorded $10.26, while a 200-day SMA reached $10.52. Nevertheless, trading volume fell to 1.55 million shares from 0.78 million shares the previous day.

Support And Resistance Levels for Ready Capital Corp (RC)

According to the 24-hour chart, there is a support level at 9.24, which, if violated, would cause prices to drop to 9.10. In the upper region, resistance lies at 9.62. The next price resistance is at 9.86. RSI (Relative Strength Index) is 33.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 98.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Ready Capital Corp subject to short interest?

Stocks of Ready Capital Corp saw a sharp steep in short interest on Jan 11, 2024 dropping by -0.48 million shares to 6.64 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 7.12 million shares. A decline of -7.23% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.84 of the overall float, the days-to-cover ratio (short ratio) decline to 3.84.

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