Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rocket Companies Inc shares valued at $4,348 were purchased by Rizik Matthew on Apr 24 ’24. At $12.53 per share, Rizik Matthew acquired 347 shares. The insider’s holdings grew to 697,855 shares worth approximately $8.76 million following the completion of this transaction.
Also, Rizik Matthew purchased 375 shares, netting a total of over 4,380 in proceeds. Following the buying of shares at $11.68 each, the insider now holds 697,508 shares.
Before that, Rizik Matthew had added 380 shares to its account. In a trade valued at $4,381, the Director bought Rocket Companies Inc shares for $11.53 each. Upon closing the transaction, the insider’s holdings increased to 380 shares, worth approximately $8.75 million.
As published in a research note from Citigroup on January 16, 2024, Rocket Companies Inc [RKT] has been rated down from a Neutral to a Sell and the price target has been revised to $10 from $9. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in early January. As of January 04, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for RKT. Earlier on January 03, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for RKT stock which previously was a “an Overweight”.
Analyzing RKT Stock Performance
During the last five days, there has been a surge of approximately 10.28%. Over the course of the year, Rocket Companies Inc shares have dropped approximately -13.33%. Shares of the company reached a 52-week high of $15.01 on 03/28/24 and a 52-week low of $10.87 on 02/21/24. A 50-day SMA is recorded $12.51, while a 200-day SMA reached $10.89. Nevertheless, trading volume fell to 1.68 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Rocket Companies Inc (RKT)
According to the 24-hour chart, there is a support level at 12.39, which, if violated, would cause prices to drop to 12.24. In the upper region, resistance lies at 12.73. The next price resistance is at 12.92. RSI (Relative Strength Index) is 50.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 58.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
