Therealreal Inc’s recent filing unveils that its President Sahi Levesque Rati unloaded Company’s shares for reported $96600.0 on Mar 14 ’24. In the deal valued at $3.22 per share,30,000 shares were sold. As a result of this transaction, Sahi Levesque Rati now holds 1,312,719 shares worth roughly $4.71 million.
Then, KATZ KAREN bought 6,500 shares, generating $25,025 in total proceeds. Upon buying the shares at $3.85, the Director now owns 183,476 shares.
Before that, Sahi Levesque Rati sold 63,897 shares. Therealreal Inc shares valued at $238,336 were divested by the President at a price of $3.73 per share. As a result of the transaction, Sahi Levesque Rati now holds 1,342,719 shares, worth roughly $4.82 million.
Robert W. Baird downgraded its Therealreal Inc [REAL] rating to a Neutral from a an Outperform in a research note published on January 04, 2024; the price target was decreased to $2.75 from $3.25. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late June from “an Underperform” to “a Buy”. Wells Fargo also remained covering REAL and has decreased its forecast on January 06, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on November 09, 2022. It rated REAL as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of REAL
On Monday, Therealreal Inc [NASDAQ:REAL] saw its stock jump 1.27% to $3.59. Over the last five days, the stock has lost -7.71%. Therealreal Inc shares have risen nearly 78.61% since the year began. Nevertheless, the stocks have risen 212.17% over the past one year. While a 52-week high of $4.10 was reached on 03/06/24, a 52-week low of $1.00 was recorded on 02/26/24. SMA at 50 days reached $2.70, while 200 days put it at $2.28. A total of 1.02 million shares were traded, compared to the trading of 1.91 million shares in the previous session.
Levels Of Support And Resistance For REAL Stock
The 24-hour chart illustrates a support level at 3.51, which if violated will result in even more drops to 3.42. On the upside, there is a resistance level at 3.69. A further resistance level may holdings at 3.78. The Relative Strength Index (RSI) on the 14-day chart is 59.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.55%. Stochastics %K at 53.19% indicates the stock is a holding.
How much short interest is there in Therealreal Inc?
A steep rise in short interest was recorded in Therealreal Inc stocks on Mar 15, 2024, growing by 2.18 million shares to a total of 15.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.9 million shares. There was a rise of 14.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.29.
