In a filing, Ready Capital Corp revealed its Director NATHAN GILBERT E acquired Company’s shares for reported $63832.0 on Mar 22 ’24. In the deal valued at $9.12 per share,7,000 shares were bought. As a result of this transaction, NATHAN GILBERT E now holds 7,000 shares worth roughly $61600.00000000001.
Then, NATHAN GILBERT E bought 2,150 shares, generating $19,629 in total proceeds. Upon buying the shares at $9.13, the Director now owns 85,249 shares.
Before that, NATHAN GILBERT E bought 10,000 shares. Ready Capital Corp shares valued at $86,475 were divested by the Director at a price of $8.65 per share. As a result of the transaction, NATHAN GILBERT E now holds 83,099 shares, worth roughly $0.73 million.
Keefe Bruyette downgraded its Ready Capital Corp [RC] rating to an Underperform from a a Mkt perform in a research note published on March 04, 2024; the price target was decreased to $8 from $10. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”.
Price Performance Review of RC
On Friday, Ready Capital Corp [NYSE:RC] saw its stock fall -0.11% to $8.80. Over the last five days, the stock has lost -3.61%. Ready Capital Corp shares have fallen nearly -14.15% since the year began. Nevertheless, the stocks have fallen -11.86% over the past one year. While a 52-week high of $11.97 was reached on 01/12/24, a 52-week low of $8.30 was recorded on 03/05/24. SMA at 50 days reached $9.01, while 200 days put it at $10.16. A total of 1.0 million shares were traded, compared to the trading of 0.99 million shares in the previous session.
Levels Of Support And Resistance For RC Stock
The 24-hour chart illustrates a support level at 8.71, which if violated will result in even more drops to 8.63. On the upside, there is a resistance level at 8.86. A further resistance level may holdings at 8.93. The Relative Strength Index (RSI) on the 14-day chart is 45.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.05%. Stochastics %K at 30.84% indicates the stock is a holding.
How much short interest is there in Ready Capital Corp?
A steep rise in short interest was recorded in Ready Capital Corp stocks on Mar 15, 2024, dropping by -0.7 million shares to a total of 9.42 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.12 million shares. There was a decline of -7.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.19.
The most recent change occurred on October 17, 2023 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.
