The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Therealreal Inc shares valued at $96,600 were sold by Sahi Levesque Rati on Mar 14 ’24. At $3.22 per share, Sahi Levesque Rati sold 30,000 shares. The insider’s holdings dropped to 1,312,719 shares worth approximately $5.04 million following the completion of this transaction.
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Also, KATZ KAREN purchased 6,500 shares, netting a total of over 25,025 in proceeds. Following the buying of shares at $3.85 each, the insider now holds 183,476 shares.
Before that, Sahi Levesque Rati had sold 63,897 shares from its account. In a trade valued at $238,336, the President traded Therealreal Inc shares for $3.73 each. Upon closing the transaction, the insider’s holdings decreased to 63,897 shares, worth approximately $5.16 million.
As published in a research note from Robert W. Baird on January 04, 2024, Therealreal Inc [REAL] has been rated down from an Outperform to a Neutral and the price target has been revised to $2.75 from $3.25. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of January 06, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for REAL. Earlier on November 09, 2022, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for REAL stock which previously was a “an Outperform”.
Analyzing REAL Stock Performance
During the last five days, there has been a surge of approximately 7.26%. Over the course of the year, Therealreal Inc shares have jumped approximately 91.04%. Shares of the company reached a 52-week high of $4.10 on 03/06/24 and a 52-week low of $1.52 on 02/26/24. A 50-day SMA is recorded $2.45, while a 200-day SMA reached $2.21. Nevertheless, trading volume fell to 2.91 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Therealreal Inc (REAL)
According to the 24-hour chart, there is a support level at 3.69, which, if violated, would cause prices to drop to 3.53. In the upper region, resistance lies at 3.93. The next price resistance is at 4.01. RSI (Relative Strength Index) is 70.03 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 13.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Therealreal Inc subject to short interest?
Stocks of Therealreal Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 2.18 million shares to 15.08 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.9 million shares. A jump of 14.46% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.29 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.29.
