In a filing, Runway Growth Finance Corp revealed its President and CEO SPRENG R DAVID acquired Company’s shares for reported $59400.0 on Mar 21 ’24. In the deal valued at $11.88 per share,5,000 shares were bought. As a result of this transaction, SPRENG R DAVID now holds 64,532 shares worth roughly $0.86 million.
Then, OCM Growth Holdings LLC sold 1,000,000 shares, generating $11,330,000 in total proceeds. Upon selling the shares at $11.33, the Director now owns 15,492,168 shares.
Before that, Raterman Thomas B. bought 20,460 shares. Runway Growth Finance Corp shares valued at $237,541 were divested by the insider at a price of $11.61 per share. As a result of the transaction, Raterman Thomas B. now holds 179,965 shares, worth roughly $2.38 million.
Oppenheimer downgraded its Runway Growth Finance Corp [RWAY] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Neutral”. JP Morgan also remained covering RWAY and has decreased its forecast on March 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. B. Riley Securities revised its rating on March 08, 2024. It rated RWAY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RWAY
On Tuesday, Runway Growth Finance Corp [NASDAQ:RWAY] saw its stock jump 0.38% to $13.25. Over the last five days, the stock has gained 4.74%. Runway Growth Finance Corp shares have risen nearly 5.54% since the year began. Nevertheless, the stocks have risen 20.67% over the past one year. While a 52-week high of $13.74 was reached on 02/23/24, a 52-week low of $10.33 was recorded on 03/11/24. SMA at 50 days reached $12.50, while 200 days put it at $12.75. A total of 0.56 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For RWAY Stock
The 24-hour chart illustrates a support level at 13.15, which if violated will result in even more drops to 13.04. On the upside, there is a resistance level at 13.43. A further resistance level may holdings at 13.60. The Relative Strength Index (RSI) on the 14-day chart is 70.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.04%. Stochastics %K at 86.51% indicates the stock is a selling.
The most recent change occurred on April 24, 2023 when Janney began covering the stock and recommended ‘”a Neutral”‘ rating along with a $12 price target.
