Rocket Companies Inc’s recent filing unveils that its Director Rizik Matthew acquired Company’s shares for reported $4292.0 on May 23 ’24. In the deal valued at $13.80 per share,311 shares were bought. As a result of this transaction, Rizik Matthew now holds 701,549 shares worth roughly $9.77 million.
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Then, Rizik Matthew bought 301 shares, generating $4,313 in total proceeds. Upon buying the shares at $14.33, the Director now owns 701,238 shares.
Before that, Rizik Matthew bought 299 shares. Rocket Companies Inc shares valued at $4,303 were divested by the Director at a price of $14.39 per share. As a result of the transaction, Rizik Matthew now holds 700,937 shares, worth roughly $9.76 million.
Citigroup downgraded its Rocket Companies Inc [RKT] rating to a Sell from a a Neutral in a research note published on January 16, 2024; the price target was increased to $10 from $9. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Hold”‘ rating. JP Morgan also remained covering RKT and has decreased its forecast on January 04, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on January 03, 2024. It rated RKT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of RKT
On Tuesday, Rocket Companies Inc [NYSE:RKT] saw its stock jump 0.58% to $13.92. Over the last five days, the stock has lost -4.98%. Rocket Companies Inc shares have fallen nearly -3.87% since the year began. Nevertheless, the stocks have risen 81.72% over the past one year. While a 52-week high of $15.60 was reached on 05/14/24, a 52-week low of $7.17 was recorded on 02/21/24. SMA at 50 days reached $13.26, while 200 days put it at $11.23. A total of 1.48 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For RKT Stock
The 24-hour chart illustrates a support level at 13.70, which if violated will result in even more drops to 13.47. On the upside, there is a resistance level at 14.17. A further resistance level may holdings at 14.41. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.25%. Stochastics %K at 18.24% indicates the stock is a buying.
