Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rush Street Interactive Inc shares valued at $709,937 were sold by SCHWARTZ RICHARD TODD on Apr 02 ’24. At $6.67 per share, SCHWARTZ RICHARD TODD sold 106,439 shares. The insider’s holdings dropped to 2,048,179 shares worth approximately $12.6 million following the completion of this transaction.
Also, SCHWARTZ RICHARD TODD sold 101,951 shares, netting a total of over 691,126 in proceeds. Following the sale of shares at $6.78 each, the insider now holds 2,154,618 shares.
Before that, STETZ MATTIAS had sold 88,431 shares from its account. In a trade valued at $567,948, the Chief Operating Officer traded Rush Street Interactive Inc shares for $6.42 each. Upon closing the transaction, the insider’s holdings decreased to 88,431 shares, worth approximately $3.71 million.
As published in a research note from JMP Securities on March 08, 2024, Rush Street Interactive Inc [RSI] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early March. As of April 06, 2023, Susquehanna has increased its “Neutral” rating to a “Positive” for RSI. Earlier on July 20, 2022, Susquehanna initiated its rating. Their recommendation was “a Neutral” for RSI stock.
Analyzing RSI Stock Performance
During the last five days, there has been a drop of approximately -10.35%. Over the course of the year, Rush Street Interactive Inc shares have jumped approximately 36.97%. Shares of the company reached a 52-week high of $7.31 on 03/07/24 and a 52-week low of $3.56 on 01/16/24. A 50-day SMA is recorded $6.11, while a 200-day SMA reached $4.73. Nevertheless, trading volume fell to 0.85 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Rush Street Interactive Inc (RSI)
According to the 24-hour chart, there is a support level at 6.06, which, if violated, would cause prices to drop to 5.96. In the upper region, resistance lies at 6.34. The next price resistance is at 6.52. RSI (Relative Strength Index) is 42.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
