The Potential Rise in the Price of Radian Group, Inc. (RDN) following insiders activity

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In a filing, Radian Group, Inc. revealed its Director Serio Gregory unloaded Company’s shares for reported $0.1 million on Aug 17. In the deal valued at $26.82 per share,3,800 shares were sold. As a result of this transaction, Serio Gregory now holds 8,221 shares worth roughly $0.23 million.

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Then, Hess Lisa W sold 655 shares, generating $18,029 in total proceeds. Upon selling the shares at $27.52, the Director now owns 6,417 shares.

Before that, Hoffman Edward J sold 30,000 shares. Radian Group, Inc. shares valued at $779,400 were divested by the Sr. EVP, General Counsel at a price of $25.98 per share. As a result of the transaction, Hoffman Edward J now holds 124,784 shares, worth roughly $3.49 million.

Keefe Bruyette upgraded its Radian Group, Inc. [RDN] rating to an Outperform from a a Mkt perform in a research note published on Tuesday.

Price Performance Review of RDN

On Tuesday, Radian Group, Inc. [NYSE:RDN] saw its stock fall -0.11% to $27.95. Over the last five days, the stock has lost -2.24%. Radian Group, Inc. shares have fallen nearly -2.10% since the year began. Nevertheless, the stocks have risen 27.22% over the past one year. While a 52-week high of $29.69 was reached on 01/30/24, a 52-week low of $20.01 was recorded on 02/08/24. SMA at 50 days reached $28.16, while 200 days put it at $26.48. A total of 1.5 million shares were traded, compared to the trading of 1.43 million shares in the previous session.

Levels Of Support And Resistance For RDN Stock

The 24-hour chart illustrates a support level at 27.49, which if violated will result in even more drops to 27.03. On the upside, there is a resistance level at 28.27. A further resistance level may holdings at 28.59. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.68%. Stochastics %K at 47.42% indicates the stock is a holding.

How much short interest is there in Radian Group, Inc.?

A steep rise in short interest was recorded in Radian Group, Inc. stocks on Jan 31, 2024, dropping by -0.75 million shares to a total of 5.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 5.82 million shares. There was a decline of -14.79%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.51.

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