RE/MAX Holdings Inc’s filing revealed that 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 $23.42 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 $0.69 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 Friday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock jump 7.68% to $7.71. Over the last five days, the stock has gained 9.21%. RE/MAX Holdings Inc shares have fallen nearly -42.16% since the year began. Nevertheless, the stocks have fallen -58.62% over the past one year. While a 52-week high of $20.48 was reached on 01/02/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $7.84, while 200 days put it at $11.64. A total of 0.63 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 7.28, which if violated will result in even more drops to 6.86. On the upside, there is a resistance level at 8.50. A further resistance level may holdings at 9.30. The Relative Strength Index (RSI) on the 14-day chart is 52.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.10%. Stochastics %K at 33.21% indicates the stock is a holding.
