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 $145,138 were sold by SCHWARTZ RICHARD TODD on Apr 19 ’24. At $6.11 per share, SCHWARTZ RICHARD TODD sold 23,737 shares. The insider’s holdings dropped to 2,062,997 shares worth approximately $12.27 million following the completion of this transaction.
Also, Sauers Kyle sold 15,983 shares, netting a total of over 97,726 in proceeds. Following the sale of shares at $6.11 each, the insider now holds 550,174 shares.
Before that, STETZ MATTIAS had sold 5,001 shares from its account. In a trade valued at $30,578, the Chief Operating Officer traded Rush Street Interactive Inc shares for $6.11 each. Upon closing the transaction, the insider’s holdings decreased to 5,001 shares, worth approximately $3.61 million.
As published in a research note from Craig Hallum on April 19, 2024, Rush Street Interactive Inc [RSI] has been rated up from a Hold to a Buy and the price target has been revised to $8 from $7. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early March. As of March 04, 2024, Susquehanna has decreased its “Positive” rating to a “Neutral” for RSI. Earlier on April 06, 2023, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for RSI stock which previously was a “a Neutral”.
Analyzing RSI Stock Performance
During the last five days, there has been a drop of approximately -3.25%. Over the course of the year, Rush Street Interactive Inc shares have jumped approximately 32.52%. 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 $6.13, while a 200-day SMA reached $4.80. Nevertheless, trading volume fell to 0.79 million shares from 0.68 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 5.78, which, if violated, would cause prices to drop to 5.61. In the upper region, resistance lies at 6.05. The next price resistance is at 6.14. RSI (Relative Strength Index) is 39.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 83.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
