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Rush Street Interactive Inc [RSI] Investment Guide: What You Need to Know

Rush Street Interactive Inc’s recently made public that its Chief Executive Officer SCHWARTZ RICHARD TODD unloaded Company’s shares for reported $0.15 million on Apr 19 ’24. In the deal valued at $6.11 per share,23,737 shares were sold. As a result of this transaction, SCHWARTZ RICHARD TODD now holds 2,062,997 shares worth roughly $17.8 million.

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Then, Sauers Kyle sold 15,983 shares, generating $97,726 in total proceeds. Upon selling the shares at $6.11, the Chief Financial Officer now owns 550,174 shares.

Before that, STETZ MATTIAS sold 5,001 shares. Rush Street Interactive Inc shares valued at $30,578 were divested by the Chief Operating Officer at a price of $6.11 per share. As a result of the transaction, STETZ MATTIAS now holds 606,730 shares, worth roughly $5.24 million.

Craig Hallum upgraded its Rush Street Interactive Inc [RSI] rating to a Buy from a a Hold in a research note published on April 19, 2024; the price target was increased to $8 from $7. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early March from “a Mkt outperform” to “a Mkt perform”. Susquehanna also remained covering RSI and has decreased its forecast on March 04, 2024 with a “Neutral” recommendation from previously “Positive” rating. Susquehanna revised its rating on April 06, 2023. It rated RSI as “a Positive” which previously was an “a Neutral”.

Price Performance Review of RSI

On Monday, Rush Street Interactive Inc [NYSE:RSI] saw its stock jump 2.25% to $8.63. Over the last five days, the stock has gained 3.73%. Rush Street Interactive Inc shares have risen nearly 92.20% since the year began. Nevertheless, the stocks have risen 179.29% over the past one year. While a 52-week high of $8.73 was reached on 05/10/24, a 52-week low of $2.85 was recorded on 01/16/24. SMA at 50 days reached $6.60, while 200 days put it at $5.04. A total of 1.14 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For RSI Stock

The 24-hour chart illustrates a support level at 8.40, which if violated will result in even more drops to 8.18. On the upside, there is a resistance level at 8.78. A further resistance level may holdings at 8.93. The Relative Strength Index (RSI) on the 14-day chart is 77.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.31%. Stochastics %K at 95.47% indicates the stock is a selling.

The most recent change occurred on July 20, 2022 when Susquehanna began covering the stock and recommended ‘”a Neutral”‘ rating along with a $6 price target.

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