In a filing, RE/MAX Holdings Inc revealed its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.41 million on Mar 18 ’24. In the deal valued at $7.64 per share,54,000 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,037,843 shares worth roughly $21.54 million.
Then, Winders Susan L sold 4,299 shares, generating $36,198 in total proceeds. Upon selling the shares at $8.42, the EVP, GENERAL COUNSEL now owns 108,251 shares.
Before that, Lee Abigail C. sold 4,500 shares. RE/MAX Holdings Inc shares valued at $38,288 were divested by the EVP, MARKETING, COMMS, EVENTS at a price of $8.51 per share. As a result of the transaction, Lee Abigail C. now holds 89,229 shares, worth roughly $0.63 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Tuesday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock fall -3.27% to $7.09. Over the last five days, the stock has lost -14.16%. RE/MAX Holdings Inc shares have fallen nearly -46.81% since the year began. Nevertheless, the stocks have fallen -61.49% over the past one year. While a 52-week high of $20.48 was reached on 01/02/24, a 52-week low of $7.20 was recorded on 04/16/24. SMA at 50 days reached $8.48, while 200 days put it at $12.44. A total of 0.27 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 6.97, which if violated will result in even more drops to 6.84. On the upside, there is a resistance level at 7.25. A further resistance level may holdings at 7.40. The Relative Strength Index (RSI) on the 14-day chart is 38.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.21%. Stochastics %K at 9.03% indicates the stock is a buying.
