Rocket Companies Inc’s filing revealed that its Director Rizik Matthew acquired Company’s shares for reported $4307.0 on Apr 12 ’24. In the deal valued at $12.20 per share,353 shares were bought. As a result of this transaction, Rizik Matthew now holds 695,637 shares worth roughly $8.52 million.
Then, Rizik Matthew bought 158 shares, generating $1,940 in total proceeds. Upon buying the shares at $12.28, the Director now owns 695,284 shares.
Before that, Rizik Matthew bought 310 shares. Rocket Companies Inc shares valued at $3,906 were divested by the Director at a price of $12.60 per share. As a result of the transaction, Rizik Matthew now holds 695,126 shares, worth roughly $8.52 million.
Citigroup downgraded its Rocket Companies Inc [RKT] rating to a Sell from a a Neutral in a research note published on January 16, 2024; the price target was increased to $10 from $9. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Hold”‘ rating. JP Morgan also remained covering RKT and has decreased its forecast on January 04, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on January 03, 2024. It rated RKT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of RKT
On Friday, Rocket Companies Inc [NYSE:RKT] saw its stock fall -1.13% to $12.25. Over the last five days, the stock has lost -5.41%. Rocket Companies Inc shares have fallen nearly -15.40% since the year began. Nevertheless, the stocks have risen 28.81% over the past one year. While a 52-week high of $15.19 was reached on 03/28/24, a 52-week low of $7.17 was recorded on 02/21/24. SMA at 50 days reached $12.52, while 200 days put it at $10.78. A total of 1.73 million shares were traded, compared to the trading of 2.24 million shares in the previous session.
Levels Of Support And Resistance For RKT Stock
The 24-hour chart illustrates a support level at 12.10, which if violated will result in even more drops to 11.96. On the upside, there is a resistance level at 12.36. A further resistance level may holdings at 12.47. The Relative Strength Index (RSI) on the 14-day chart is 42.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.72%. Stochastics %K at 7.71% indicates the stock is a buying.
