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Insider Sale Alert: RE/MAX Holdings Inc [RMAX] – Is it Time to sell?

RE/MAX Holdings Inc’s filing revealed that its EVP, MARKETING, COMMS, EVENTS Lee Abigail C. unloaded Company’s shares for reported $42228.0 on May 29 ’24. In the deal valued at $8.05 per share,5,243 shares were sold. As a result of this transaction, Lee Abigail C. now holds 83,986 shares worth roughly $0.72 million.

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Then, Jenkins Leah R sold 3,682 shares, generating $35,936 in total proceeds. Upon selling the shares at $9.76, the VP, CHIEF ACCOUNTING OFFICER now owns 25,333 shares.

Before that, Peterson Adam K bought 54,000 shares. RE/MAX Holdings Inc shares valued at $412,560 were divested by the 10% Owner at a price of $7.64 per share. As a result of the transaction, Peterson Adam K now holds 3,037,843 shares, worth roughly $26.0 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 9.04% to $8.56. Over the last five days, the stock has gained 5.81%. RE/MAX Holdings Inc shares have fallen nearly -35.78% since the year began. Nevertheless, the stocks have fallen -56.39% 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 $8.09, while 200 days put it at $10.41. A total of 0.7 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For RMAX Stock

The 24-hour chart illustrates a support level at 7.83, which if violated will result in even more drops to 7.11. On the upside, there is a resistance level at 8.98. A further resistance level may holdings at 9.41. The Relative Strength Index (RSI) on the 14-day chart is 53.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.61%. Stochastics %K at 18.20% indicates the stock is a buying.

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